Wanhua Chemical established a battery industry company with a registered capital of 700 million yuan.

According to the Qichacha APP, recently, Wanhua Battery Industry Co., Ltd. was established, with Wang Xiaoxing as the legal representative and a registered capital of 700 million yuan. Its business scope includes: battery leasing; photovoltaic power generation equipment leasing; research and development of electronic special materials; manufacturing of electronic special materials; manufacturing of graphite and carbon products, etc. The equity penetration information from Qichacha shows that the company is wholly owned by Wanhua Chemical's Wanhua Chemical Battery Industry Co., Ltd.