Zhongdian Electric (603988.SH) plans to invest in establishing Zhongdian Energy (Inner Mongolia) Co., Ltd.

Wisdom Financial News APP, China Electric Motor (603988.SH) announced that, based on the company's business characteristics and shareholder situation, combined with the national and relevant local layout planning for the development of the "15th Five-Year Plan", the company plans to establish a wholly-owned subsidiary, China Electric Power (Inner Mongolia) Co., Ltd. (tentatively), with a registered capital of 60 million yuan. The core is to seize the development opportunities of wind, solar, and energy storage in the new energy and metal mineral resources industries. At the same time, relying on the industry foundation of the company's motor manufacturing, expand the application scenarios of motors, realize the linkage expansion of the upstream and downstream businesses, and strategic upgrade, construct a development pattern of the entire industry chain, enhance core competitiveness and sustainable profitability.