Zhenhua Technology joint venture to set up lithium battery company trading

NetEase Finance May 27 News Zhenhua Science and Technology today SSE Bulletin said, in order to seek the company's new economic growth point, and based on lithium-ion Power battery market prospects, after consultation with Dr. Li Shujun, Zhenhua Technology decided by the two sides jointly set up joint venture company, engaged in lithium-ion power battery development, production and sales.　　The announcement indicated that the joint venture capital investment situation is Zhenhua science and technology investment 19.8 million yuan, but Li Shujun capital investment 200,000 yuan. Lithium-ion batteries have obvious performance advantages over traditional lead-acid batteries, Ni-cd batteries and Ni-MH batteries, and are the most superior rechargeable batteries.　　With the change of energy use mode under the pressure of energy saving and emission reduction, as well as the increasing safety of lithium-ion battery and decreasing cost, it will become a new industry direction with development potential. Affected by the impact, Zhenhua technology today to trading prices opened, then due to the adjustment, Zhenhua technology in the vicinity of 11.7 yuan concussion, or more than 7%, turnover significantly enlarged.