AutoBeta(AutoBeta.net)03/12 Report--

On March 11, Baoding Great Wall Holdings Group Co., Ltd. (hereinafter referred to as "Great Wall Holdings") and Shanghai Fosun Hi-Tech (Group) Co., Ltd. (hereinafter referred to as "Fosun Hi-Tech") signed a strategic cooperation agreement in Baoding, Hebei Province. increase and deepen strategic cooperation in the power battery industry. Wei Jianjun, chairman of the Great Wall holding Group, and Guo Guangchang, chairman of Fosun International Co., Ltd. (Fosun Hi-Tech parent company, hereinafter referred to as Fosun International) attended the signing ceremony. At the signing ceremony, Great Wall Holdings and Fosun Tech jointly announced that their subsidiaries would jointly invest in a joint venture to produce ternary lithium-ion soft package power batteries and work together to open up key links in the power battery industry. In the future, Great Wall Holdings and Fosun Hi-Tech will use their respective resources to strengthen cooperation and build an innovative cooperation model and a solid and sustainable strategic partnership.

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