Brief: Mecom Power And Construction Says On 15 June MUcharging Entered Cooperation Framework Agreement With Guangdong Zhihui
21/07/2021 15:27
July 21 (Reuters) - MECOM Power and Construction Ltd
1183.HK :
* ON 15 JUNE MUCHARGING ENTERED COOPERATION FRAMEWORK
AGREEMENT
WITH GUANGDONG ZHIHUI
* JOINT VENTURE HAS A REGISTERED CAPITAL OF RMB10 MILLION
* JV ENGAGED IN RESEARCH AND DEVELOPMENT, MANUFACTURE,
ASSEMBLY
AND SALES SERVICES OF LITHIUM-ION PHOSPHATE BATTERIES
* PROFIT SHARING PERCENTAGE OF CO'S UNIT AND GUANGDONG
ZHIHUI ARE
70% AND 30% RESPECTIVELY
* AS AT JULY 21, JV'S BATTERY-SWAPPING SYSTEMS UNDERGOING
FINAL
TESTING STAGE, EXPECTED TO BE LAUNCHED SOON
Source text for Eikon: urn:newsml:reuters.com:*:nHKSPBX6f
Further company coverage: 1183.HK
((Reuters.Briefs@thomsonreuters.com;))
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