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Ninth City Announces Investment in Battery Management System Suppliers
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Cai Liyuan Editor
2019-06-20 13:55

[Car home industry] Remember the ninth city (NASDAQ: NCTY, referred to as "Ninetowns") of the Internet company that announced the car with Faraday Future (referred to as FF)? Recently it has accelerated its layout in the field of new energy vehicles. Recently, Jiucheng and its wholly-owned subsidiaries have entered into investment agreements with Kexin Power System Design and Research Co., Ltd. ("Kexin Power"), a supplier of electric vehicle power batteries and new energy storage and battery management systems, and their major shareholders. Ninetowns will acquire the shares of Kexin Power in the form of share swaps, and enter into the production and operation of electric vehicle power batteries, new energy storage systems and battery management systems.



According to the data, Kexin Power is headquartered in Zhenjiang, and is a high-tech enterprise engaged in the research and development of lithium-ion power battery systems and energy storage battery systems. The company's products cover electric vehicle power batteries and new energy storage systems, battery management systems, and are widely used in new energy commercial vehicles, passenger vehicles, special vehicles and new energy photovoltaic power generation, wind power generation and other fields.

Jiucheng said that the next three to five years will be the rapid development stage of new energy vehicles. Under the national policy and the development of major automakers, new energy vehicles will enter the prime time of development, and the demand for power batteries will be presented. In the energy storage industry, the industrial chain will enjoy the explosive growth brought about by the large-scale industrialization of new energy vehicles.