SHSTC(SH:600620) Ge Long Hui A P P·2026-01-09 09:54Core Viewpoint - Tianchen Co., Ltd. has established a joint venture with Yancheng Daxiang New Energy Co., Ltd. to expand the energy storage market across the entire industry chain [1] Group 1: Joint Venture Details - Tianchen's wholly-owned subsidiary, Tianchen Energy Storage Technology (Wuhu) Co., Ltd., signed a joint venture contract and cooperation memorandum with Daxiang New Energy [1] - The joint venture company, tentatively named Tianchen Daxiang Energy Technology Co., Ltd., has a registered capital of RMB 50 million [1] - Tianchen Energy Storage holds a 51% stake in the joint venture with a capital contribution of RMB 25.5 million, while Daxiang New Energy holds a 49% stake with a contribution of RMB 24.5 million [1] Group 2: Regulatory Compliance - The joint venture has completed the necessary business registration procedures and obtained a business license from the Market Supervision Administration of Wuhu City [1]