Koowheel Electronics invests in establishing an energy storage technology company.

According to the Qi Cha Cha app, recently, Yancheng Kelu Energy Storage Technology Co., Ltd. was established, with Mei Jiahong as the legal representative and a registered capital of 10 million yuan. Its business scope includes energy storage technology services, battery manufacturing, battery sales, battery parts production, and battery parts sales. Equity penetration data on Qi Cha Cha shows that the company is indirectly wholly owned by Kelu Electronics.