Article

Hefei Hongchu Technology Co., Ltd. was established with a registered capital of 110 million yuan, with shareholders including Hefei Renchuang Phase IV Venture Capital Partnership and Sunwoda Power Technology Co., Ltd. The business activities include battery manufacturing, sales, and energy storage technology services.

Hefei Renchuang holds a 54.55% stake, while Sunwoda holds 27.27%. The venture is supported by state-backed capital from Hefei Industry Investment Holding Group and Hefei Construction Investment Holding Group, providing financial stability and enhancing development prospects for supply chain integration and project implementation.