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GCL Power Battery PACK Production Base Settles in Zhenjiang, Jiangsu

On September 27th, the GCL-Electric Ecological Technology Industrial Park project was held in Zhenjiang, Jiangsu. The project was planned to build a new energy vehicle assembly base, a power battery PACK production base, an automotive accessory and parts base, and a planned total investment of 6 billion yuan.

Gongxin Group Chairman Zhu Gongshan introduced that the project will use GCL's basic advantages in energy internet, regional microgrid, energy storage, new energy materials, etc., and work with well-known vehicle assembly companies and online car platforms in the industry to build A high-tech, composite industrial park that integrates high-end scientific research, advanced manufacturing, platform economy, and headquarters economy to create an "electric Jiangsu" industrial carrying platform, build an electric vehicle industry chain and an operational ecological chain demonstration area, and help the development of green energy transportation.

According to public information, GCL Group is currently the largest non-public ownership environmental protection power holding company in China. It has established four major industrial groups, including electricity, photovoltaics, natural gas, and finance, with total assets of nearly 100 billion yuan. GCL-Poly Energy Holdings Limited The company, GCL New Energy Holdings Co., Ltd., GCL Integrated Technology Co., Ltd. 3 holding listed companies.

On August 12, 2017, a high-tech zone issued a press release on the signing ceremony of the “GCL Xinjie R & D and Vehicle Headquarters Project” issued by the official Suzhou Wechat High-tech Zone. "Car-building" plans have gradually surfaced.

It is understood that Shanghai Tongjie Technology Co., Ltd. (hereinafter referred to as Shanghai Tongjie) is a one-stop shop with a complete process from product creative design, engineering research and development, prototype production, test research, mold design and manufacturing, and key components. Turnkey service capability independent automotive design engineering company. GCL Group started its third transformation after cross-border new energy vehicle construction in 2016 after it realized a controlling stake in Shanghai Tongjie.

Gongxin (Group) Holding Co., Ltd. Vice President Liu Chongxi once said that in addition to the acquisition of the automotive design company Shanghai Tongjie, GCL also cooperated with Jiangling and Chery Automobile Group to build a lightweight new energy vehicle. For new energy vehicles and power battery projects, GCL's business model is "separation of vehicle power, bare car sales, and battery leasing."

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