Tianneng Co., Ltd. establised a new subsidiary company, including the battery manufacturing business.

The QiChaCha app shows that recently, Zaozhuang Tianwang New Energy Co., Ltd. was established with Han Feng as the legal representative and a registered capital of 2 million yuan. Its business scope includes: research and development of emerging energy technologies; energy storage technology services; solar power generation technology services; wind power generation technology services; production of battery components; battery manufacturing; and battery sales. According to the equity penetration displayed by QiChaCha, the company is indirectly wholly owned by TBEA Co., Ltd.