Group 1 - The core viewpoint of the announcement is the establishment of a joint venture company by Kingli Group, Wanxing Machinery, and Huang Binggang, with a registered capital of RMB 20 million, aimed at producing batteries and related products in Guangdong, China [1][2] - The joint venture will be owned by Kingli Group and Wanxing Machinery at 49% each, while Huang Binggang will hold 2% [1] - The new production facility will focus on manufacturing disposable batteries and is expected to have lower operational and production costs compared to existing facilities in the Pearl River Delta [2] Group 2 - The joint venture is anticipated to leverage complementary advantages, synergies, and resource integration to enhance the group's business development [2] - The geographical location of the new facility in Guangdong, which connects to the "Belt and Road" initiative, is expected to reduce transportation costs and provide advantages for foreign trade [2] - Overall, the joint venture is projected to lower production costs and create higher value for the group [2]
金力集团(03919.HK)拟成立合营研发、生产及经营电池业务