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Yesterday, Hunan Keliyuan New Energy Co., Ltd. (hereinafter referred to as "Keliyuan") announced that the company plans to increase the capital of Hunan Keba Automobile Power Battery Co., Ltd. to 120 million yuan and increase the capital of Hunan Keba Automobile Power Battery Company.
Hunan Keliyuan New Energy Co., Ltd. was established in January 1998 and is headquartered in the National Changsha High-tech Industrial Development Zone. It is a collection of advanced energy storage materials, advanced batteries, electric vehicle power battery energy packages and their extended products. R & D, production, sales and service in one of the international high-tech enterprises. The company's leading products are: high-strength super-bonded foam nickel, copper foam, nickel foam and other foam metal materials, nickel-metal hydride, nickel-zinc series civilian high-temperature batteries and nickel-metal hydride vehicle battery.
It is reported that Keliyuan invested in the construction of power battery energy package projects for electric vehicles. The capital source for capital increase is funds raised from non-public offering of shares.