CATL and Huadian Hydropower join forces to establish a new company with a registered capital of 4.8 billion yuan.

According to the Qichacha APP, it shows that recently, Huaneng Lancang River Hydropower Co., Ltd. was established with a registered capital of 4.8 billion yuan. Its business scope includes solar power generation technology services, wind power generation technology services, power generation technology services, energy storage technology services, etc. Equity penetration displayed by Qichacha shows that the company is jointly held by Ningde Times and Huaneng Hydropower's wholly-owned subsidiary, Huaneng Lancang River Upstream Hydropower Co., Ltd.