Wanhua Chemical Sets Up Wholly Owned Battery Subsidiary in Binzhou with RMB 700 Million Capital
Wanhua Chemical has incorporated a new wholly owned subsidiary, Wanhua (Binzhou) Battery Industry Co. , Ltd. , with registered capital of RMB 700 million. Wang Xiaoxing serves as legal representative. The company's business scope covers battery leasing, photovoltaic equipment leasing, electronic special materials research and manufacturing, and graphite and carbon product manufacturing. The new entity is fully owned through Wanhua Chemical (Yantai) Battery Industry Co. , extending the group's downstream battery supply chain presence in Shandong.
Wanhua Chemical has recently established a battery industry company, Wanhua (Binzhou) Battery Industry Co. , Ltd. , with Wang Xiaoxing as legal representative and registered capital of RMB 700 million.
The company's business scope includes battery leasing, photovoltaic power generation equipment leasing, research and development and manufacturing of electronic special materials, and manufacturing of graphite and carbon products. Equity records show the company is wholly owned by Wanhua Chemical (Yantai) Battery Industry Co. , a subsidiary of Wanhua Chemical.
Why this event matters
The event has a measured impact on 2 industrys. The strongest current signal is positive for Batteries & Energy Storage, with intensity 40/100 and 70% confidence over a short term horizon.
Batteries & Energy Storage
- Direction
- positive
- Intensity
- 40
- Confidence
- 70%
- Horizon
- Short term
Electronic Chemicals
- Direction
- positive
- Intensity
- 30
- Confidence
- 60%
- Horizon
- Short term
Impact figures are analytical estimates that combine direction, intensity, confidence and event importance. They are not investment advice.