Guansheng Shares and Dongchi New Energy signed a strategic cooperation agreement to jointly establish a joint venture

On January 2, Guansheng Co., Ltd., a listed company of automotive chassis system parts, announced that it had signed a strategic cooperation agreement with Dongchi New Energy. The two parties plan to jointly establish a joint venture company to mainly engage in the production, manufacturing, sales and export of the first generation of quasi-solid-state power batteries and semi-solid-state energy storage batteries. The initial investment scale is about 500 million yuan. Guansheng Co., Ltd. will invest in construction and operation funds, accounting for 70% of the shares, and Dongchi New Energy will invest in core technologies and intends to hold 30% of the shares.