Tianchen Group (600620.SH) subsidiary plans to set up a joint venture company to jointly develop the full industry chain of the energy storage market.

Zhijie Finance and Economics APP news, Tianchen shares (600620.SH) issued an announcement. The company's wholly-owned subsidiary, Tianchen Energy Storage Technology (Wuhu) Co., Ltd. (referred to as "Tianchen Energy Storage"), jointly invested with Yancheng Daxiang New Energy Co., Ltd. (referred to as "Daxiang New Energy") to establish "Tianchen Daxiang Energy Technology Co., Ltd.", jointly developing the entire industry chain of energy storage market.