Ankai to Invest 450 Million RMB in A New Joint Venture for Power Battery Production
2022-09-14 Source:www.chinabuses.org
Summarize:On September, 6, Ankai officially announced that it had already signed a framework cooperation agreement with JAC
On September, 6, Ankai officially announced that it had already signed a framework cooperation agreement with JAC Group, Fudi Battery Co., Ltd. (hereafter referred to as Fudi Battery) and Zhechu Energy Group Co., Ltd. (here after referred to as Zhechu)
![](https://www.chinabuses.org/uploadfile/2022/0914/20220914104804259.png)
According to the agreement, the four companies will establish a joint venture specialized in developing and producing power batteries for vehicles with a total investment of one billion RMB.
On September, 7, Ankai stocks reached a new record high in the past two months, closing at 7.72 RMB/share. Thus, its market value exceeded 5.6 billion RMB.
According to Ankai, it will make an investment of 450 million RMB in the new joint venture (JAC Group: 200 million RMB; Fudi Battery: 120 million RMB; Zhechu Energy: 230 million RMB).
With a production capacity of 10GWh-20GWh, the new joint venture is set to further strengthening Ankai’s overall competitiveness. As a leading player in China’s new energy bus market, Ankai boasts a wide spectrum of new energy buses, including 10-meter–12-meter electric city buses, 12-meter electric travel coaches and commuting coaches, 12-meter extended-range electric city buses, 10-meter-12-meter hybrid city buses, etc.
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