Bafang to establish third subsidiary in China | Community
Bafang is investing in a new facility for the development and production of high-end battery packs. To meet its growing development needs and clarify its business layout, the e-drive systems manufacturer will soon establish a third subsidiary in China, with a working name of Bafang New Energy (Suzhou) Co., Ltd. The final name is subject to the approval of the relevant industrial and commercial registration authority. An agreement was signed with Suzhou Industrial Park Suxiang Cooperation Zone (“Suxiang Cooperation Zone”) in February 2021. Bafang New Energy will serve as an R&D and product...