On August 12, Fengjiang Battery announced its plans to collaborate with a Bangladeshi company to establish a joint venture focused on the research, development, manufacturing, and sales of lithium batteries and battery packs. This venture will be registered with a capital of USD 500,000, where Fengjiang Battery will contribute USD 275,000, securing a 55% shareholding, while G-Tech will invest USD 225,000, holding the remaining 45% stake.
