Farasis Energy establishes a battery joint venture with Geely Technology
Farasis Energy announced that it had signed an agreement with Geely Technology to establish a joint venture company. The joint venture is expected to launch a lithium-ion battery and electric vehicle energy storage production facility. The company's registered capital is CNY 1B, with Geely Technology contributing 65% of the registered capital of the joint venture and Farasis Energy contributing 35% of the registered capital.