Wanshun New Material has declared that, in line with its forthcoming strategic blueprint and the growth requirements of its core business, the company intends to set up a wholly-owned subsidiary, Anhui Zhongji Aluminum-Plastic Film Technology Co., Ltd. This will be achieved through its existing wholly-owned entity, Jiangsu Zhongji New Energy Technology Group Co., Ltd. The freshly minted subsidiary, boasting a registered capital of 100 million yuan—sourced from the company's internal funds—will be primarily immersed in the aluminum-plastic film sector. The capital injection will be staggered, aligning with the progression of business activities. Aluminum-plastic film, a pivotal material for the encapsulation of pouch battery cells, harbors immense market potential. This is fueled by the burgeoning new energy vehicle market and the escalating adoption rate of pouch power batteries. Furthermore, the swift advancement and accelerated industrialization of solid-state battery technology are anticipated to further propel the demand surge for aluminum-plastic film.