China Nuclear Titanium Dioxide establishes a new company with a business scope including battery manufacturing

Recently, Baiyin Zhonghe Times New Energy Co., Ltd. was established with a registered capital of 50 million yuan. Its business scope includes: new energy motive equipment manufacturing; photovoltaic equipment and components manufacturing; battery manufacturing; intelligent transmission and distribution and control equipment sales, etc. The company is indirectly wholly-owned by CNNC Titanium Dioxide.