translates to "Wanrun New Energy establishes a subsidiary specializing in battery and component manufacturing business."

According to the Qichacha app, recently, Hubei Wudang Qianyuan New Energy Co., Ltd. was established, with Liu Shiqi as the legal representative and a registered capital of 50 million yuan. Its business scope includes: battery components production; photovoltaic equipment and component manufacturing; electric power facility equipment manufacturing; battery component sales; and charging pile sales. Qichacha's equity penetration shows that the company is fully owned by Wanrun New Energy.