China Railway Materials(000927.SZ) is planning to participate in the establishment of China Stored Time Green Chain, focusing on the full life cycle operation of new energy heavy trucks.

China Railway Materials (000927.SZ) announced that the company will jointly invest with Zhongchuang Group, Logistics Holdings, China Packaging, Zhongchuang Intelligent Logistics, Time Quji, and Ground Up Metro to establish a joint venture company, Zhongchuang Times Green Chain Technology Co., Ltd. (tentative name). The registered capital of the joint venture company is 500 million yuan, with the company contributing 25 million yuan, holding a 5% stake. After the establishment of the joint venture company, it will focus on integrating the advantages of shareholders' resources and focus on the full life cycle operation of new energy heavy-duty trucks. In the initial stage, it will carry out "operation and lease combined business" by purchasing new energy heavy-duty trucks for short to medium-distance, specific closed areas such as mines, infrastructure projects, as well as for medium to long-distance main transport routes such as coal transport from Shaanxi to Yunnan, Guizhou and Sichuan, providing customers with logistics transportation services and operational leasing services; in the medium to long term, provide supplementary services for the users and lessees of new energy heavy-duty trucks, such as replenishment of energy, maintenance, battery secondary utilization, as well as provide green power digital solutions including vehicle dispatch management, safety management, charging, and operational management. The announcement stated that the company, along with Zhongchuang Group, Logistics Holdings, China Packaging, and Zhongchuang Intelligent Logistics, have a high degree of business relevance with the joint venture company, and can form synergy in application scenarios. Time Quji, as an indirect subsidiary of Contemporary Amperex Technology Co., Ltd., can provide key resources such as charging infrastructure and maintenance services for the joint venture company; Ground Up Metro can provide vehicle operation, management and leasing experience, as well as related customer resources.