ZTE Sets Up Wholly Owned Nanning Unit for Solar, Battery and Storage Services
ZTE has established a wholly owned subsidiary in Nanning, named Nanning Xingneng Zhilian Technology Co. , Ltd. The new company's business scope covers sales of photovoltaic equipment and components, battery manufacturing and sales, as well as energy storage technology services. The unit is fully owned by ZTE, according to corporate registration information.
ZTE has set up a new smart-connectivity technology company in Nanning. Nanning Xingneng Zhilian Technology Co. , Ltd. was recently established, with a business scope that includes the sale of photovoltaic equipment and components, battery manufacturing, battery sales, and energy storage technology services. The company is wholly owned by ZTE.
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 60% confidence over a medium term horizon.
Batteries & Energy Storage
- Direction
- positive
- Intensity
- 40
- Confidence
- 60%
- Horizon
- Medium term
Wind & Solar Equipment
- Direction
- positive
- Intensity
- 30
- Confidence
- 50%
- Horizon
- Medium term
Impact figures are analytical estimates that combine direction, intensity, confidence and event importance. They are not investment advice.