CRRC establishes a new energy company in Tibet, including energy storage technology services business.

Qichacha APP shows that recently, Tibet CRRC Times New Energy Co., Ltd. was established, with He Gengliang as the legal representative, a registered capital of 20 million yuan, and a business scope that includes battery manufacturing; energy storage technology services; battery parts production; charging pile sales; centralized fast charging stations, etc. Qichacha equity penetration shows that the company is indirectly wholly owned by CRRC.