Jiangsu Beiren announced on November 27 that it intends to increase the capital of its wholly-owned subsidiary Jiangsu Beiren New Energy Technology Co., Ltd. (Hereinafter referred to as "Beiren New Energy") by 75 million yuan with its own funds and self-raised funds; Jiangsu Beiren Energy Management Co., Ltd. (Hereinafter referred to as "Beiren Energy Management"), a wholly-owned subsidiary, intends to increase its capital by 80 million yuan with its own funds, self-raised funds and over-raised funds, totaling 155 million yuan.
According to the Announcement, upon completion of the Capital Increase, the registered capital of Beiren New Energy will be increased from RMB25 million to RMB100 million, and the registered capital of Beiren Energy Management will be increased from RMB20 million to RMB100 million.
It is reported that Beiren New Energy and Beiren Energy Management are mainly the investment and shareholding platform of the company's new energy sector and the asset holding platform of the energy storage business. Based on the advantages of intelligent manufacturing and digitalization, the former establishes energy storage technology research and development centers and product production bases. The latter mainly carries out the business of holding and operating energy storage assets on the industrial and commercial side. According to
the data, Jiangsu Beiren was founded in 2010, focusing on the integration of robots and the application of intelligent technology in the automotive industry. As a listed system integrator in the automotive industry, it has entered the mainstream supply chain system of many traditional main engine factories, new forces in automobile manufacturing and core factories. In April
2022, the company set up and claimed two industrial funds, thus entering the field of energy storage, and began to focus on energy storage integration, energy storage operation, semiconductor and new energy batteries, thermal management systems, related intelligent manufacturing and other fields.