Company Overview: The company was founded in March 2015 and located in Xuzhou state-level economic development zone. The total investment is near one billion yuan. It has highly automated production lines for 18650 batteries, prismatic cells and battery packs. It is also equipped with imported testing facilities.
Technical Team: Dr. Deng Zhongyi, general manager, former COO and China GM of PowerGenix Systems,Inc. and former vice president of Shenzhen BAK Battery Co., Ltd(NASDQ:CBAK). The team also have many doctors and postgraduates.
Market Focus: Main products are power batteries for electric vehicles, electric buses, while also offering energy storage batteries for mines, wind and solar power storage, micro-grid, grid, etc.. They are positioned in the high-end domestic and international markets, to meet the demands of different fields.
Project Prospect: By 2020, domestic sales of new energy vehicles is expected to reach 5 million, new energy city buses 200,000, new energy taxis 50,000, and new energy city logistics vehicles 50,000. China will be the largest new energy vehicles market in the world. Then, the annual consumption of energy storage batteries will be more than 10 billion yuan. Market prospects is extremely promising for Chuhan Energy Corporation.