Veken Technology, LG Chem, Jiangxi Vele Battery to set up new joint battery manufacturer in Nanchang

On October 25, 2019, Veken Technology Co., Ltd., LG Chem Ltd., and Nanchang Xinjian Tianju Investment Co., Ltd. signed a contract on the establishment of a new joint venture, Jiangxi Vele Battery Co., Ltd. The new company will be located in Nanchang, Guangxi, and owned 42% by Veken Technology, 34% by LG Chem, and 24%....

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