Huasu Technology invests to establish a holding subsidiary, Huaxin Energy, to expand its business in the backup power field
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Huasu Technology and Dongguan Daxin Energy Co., Ltd. jointly invested to establish a joint venture company, Hangzhou Huaxin Energy Co., Ltd., which will become a holding subsidiary of the company. Huasu Technology invested RMB 3 million, accounting for 60% of the shares; Dongguan Daxin Energy invested RMB 2 million, accounting for 40% of the shares. Huaxin Energy will focus on the zinc-nickel battery business, assisting the company in its expansion in the backup power field
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