Zhitong Finance App News, CIMC Group (02039) announced that the company plans to jointly sign the “Shenzhen Yuanzhi CIMC New Energy Storage Industry Equity Partnership Fund (Limited Partnership) Partnership Agreement” through its wholly-owned subsidiary CIMC Capital Holdings, the professional investment institution Yuanzhi Energy Storage Parent Fund, a wholly-owned subsidiary of Shenzhen Capital Group, and Shanhai Yuneng, a wholly-owned subsidiary of Ronghe Yuaneng and Shenzhen Jiyuan, and Shenzhen Jiyuan, to jointly invest in the establishment of the Shenzhen Yuanzhi CIMC New Energy Storage Industry Equity Partnership Fund (Limited Partnership)) (final name, final name) (The name is subject to approval by the Industrial and Commercial Registration Authority). The fund's pledge scale is RMB 1 billion, of which CIMC Capital Holdings plans to pledge an investment of RMB 298.83 million as a limited partner, accounting for 29.88%. Yuanzhi Energy Storage plans to act as the fund manager and executive partner of the Fund.
The fund mainly invests in the new energy storage industry in China, focusing on upstream raw materials and high-end equipment for energy storage systems, midstream battery manufacturing and power electronic equipment, downstream energy storage power plants, smart operation of energy storage, and resource recycling. On the other hand, it is prohibited to invest in enterprises that have conflicts of interest with the Fund's partners, and the amount invested in projects or enterprises that can have a good synergy effect with the Group's energy storage-related business shall not be less than 30% of the total paid-in scale of the Fund.
The announcement stated that through the joint establishment of the fund, the Group will continue to closely follow the national strategic direction, fully grasp the important opportunities for national scientific and technological innovation and green industry development, and continue to lay out in depth, act actively, and take responsibility in the fields of “the country has needs, the industry has shortcomings, and the Group has advantages”. With the Fund's investment chain, the Group is expected to further enhance the comprehensive competitiveness and brand influence of its integrated energy storage products, build an industrial ecosystem around CIMC Energy Storage, extend business cooperation channels, enrich the industry partner matrix, help CIMC Energy continue to increase its business scale, strongly support the qualitative growth of the Group's energy storage industry sector, and make CIMC Energy Storage an integrated energy storage industry leader led by technology, efficiency and model.