Shanghai Xiba intends to invest 25 million yuan in acquiring the high-specific-energy hydrogen-electric hybrid power system and associated patent rights for specialized solid-state lithium-ion batteries from the Dalian Institute of Chemical Physics, part of the Chinese Academy of Sciences. Concurrently, the company aims to collaborate with the technology and management team to establish two subsidiaries, each with a registered capital of 10 million yuan, in order to propel the industrialization of these groundbreaking technologies.
