SHSTC(SH:600620) Zhi Tong Cai Jing·2025-12-19 11:45Core Viewpoint - Tianchen Co., Ltd. (600620.SH) announced the establishment of a joint venture, Tianchen Daxiang Energy Technology Co., Ltd., in collaboration with Yancheng Daxiang New Energy Co., Ltd. to explore the full industry chain of the energy storage market [1] Group 1 - Tianchen's wholly-owned subsidiary, Tianchen Energy Storage Technology (Wuhu) Co., Ltd., will hold a 51% stake in the joint venture with a capital contribution of 25.5 million yuan, while Daxiang New Energy will hold a 49% stake with a contribution of 24.5 million yuan [1] - The registered capital of the joint venture is set at 50 million yuan [1] - The joint venture plans to implement an employee stock ownership plan, allocating 20% of the joint venture's equity held by Daxiang New Energy for incentive purposes, targeting executives and core technical personnel from both companies [1]