Sunwag Battery established a battery technology company in Wuhan with a registered capital of 700 million.

Tianyancha's business information shows that recently, Ue Energy Battery Technology Co., Ltd. was established, with Zhang Jianxin as the legal representative and a registered capital of 700 million RMB. Its business scope includes battery leasing, operation of electric vehicle charging infrastructure, and battery manufacturing. Shareholder information shows that the company is wholly owned by Wuhan Ue Energy Battery Assets Co., Ltd.