Jiangte Electric Motors established a trading company with metal ore business.

According to the Qi Cha Cha app, Jiangxi Jiangte Trading Co., Ltd. was recently established with a registered capital of 100 million yuan. Its business scope includes the sale of metal ores, sale of metal materials, sale of non-ferrous metal alloys, sale of high-performance non-ferrous metals and alloy materials, etc. Through equity penetration displayed on Qi Cha Cha, it is shown that the company is wholly owned by Jiangte Electric Motors.