On October 23, Yongan Bank, a bicycle-sharing enterprise, announced that in order to strengthen the hydrogen energy industry chain, fill the technical gap in high-pressure carbon fiber wrapped cylinders, and promote the future development and application of hydrogen energy products such as fuel cells in the fields of hydrogen energy storage, hydrogen commercial vehicles, flight equipment, etc., Yongan Bank, a bicycle-sharing enterprise, will launch a series of hydrogen energy products. It will acquire 88% of Zhejiang Kaibo Pressure Vessel for 167 million yuan.
In addition, the acquisition also made a performance commitment for the next three years. If Zhejiang Kaibo fails to meet its annual performance commitment, the transferor will compensate the transferee for its performance according to the agreement.
Yongan Bank said that after the completion of the transaction, the company and Zhejiang Kaibo will give full play to their respective advantages, devote themselves to the research and development of safer, lighter and higher pressure hydrogen storage bottles, expand the application space of the company's hydrogen energy products, enhance the comprehensive competitiveness of the company's hydrogen energy industry, with the scale and efficiency of the target company's operation. It will help to improve the company's operating performance and increase the company's earnings. According to the
data, Zhejiang Kaibo is an enterprise specializing in the research and development and production of composite material wrapped cylinders. It is one of the leading manufacturers of carbon fiber fully wrapped composite cylinders in China, and has developed type IV carbon fiber fully wrapped high-pressure cylinders.
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