Ningde Times established a subsidiary of Zhongzhou Times

Zhongzhou Times New Energy Technology Co., Ltd. was established in Luoyang, Henan. The legal representative is Qu Tao, the registered capital is 2 billion yuan, and its business scope includes battery manufacturing and sales; electronic special material manufacturing, sales; new material technology promotion services; technical services, etc.

Shareholder information shows that the company is wholly owned by Ningde Times New Energy Technology Co., Ltd.

On September 28, Ningde Times announced that the company plans to invest in the construction of a new energy battery production base in Luoyang . The announcement stated that with the rapid development of new energy industries at home and abroad, the market for power battery and energy storage industry continues to grow. In order to further promote business development, meet market demand and improve production capacity layout, the company plans to invest in Yibin District, Luoyang City, Henan Province. Construction of Luoyang new energy battery production base project with a total investment of no more than RMB 14 billion.

Public information shows that Zhongzhou is the ancient name of Henan Province today, and it is also the name of Bianjing (now Kaifeng, Henan), the capital of the Northern Song Dynasty. The name of the company in the Ningde era can be seen in the pattern, which is the place name + "era". For example, the headquarters of the Ningde era is in Ningde, Fujian.

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