CATL and State Power Investment Group Establish Hydropower Development Company in Ganzi Prefecture with 500 Million RMB Registered Capital

36Kr reports that Tianyancha App shows the recent establishment of Yalong River Yagen (Ganzi Prefecture) Hydropower Development Co., Ltd., with Zhang Dongming as legal representative and a registered capital of 500 million RMB. Its business scope includes hydropower generation, emerging energy technology R&D, solar power generation technical services, and more. Shareholder information indicates the company is held by Yalong River Basin Hydropower Development Co., Ltd. under State Power Investment Group (90%) and CATL (10%).