Nuode Investment Co., Ltd. acquired 49% stake in Beijing Zhongke Yinghua Electric Vehicle Technology Research Institute Co., Ltd. from Shenzhen Miles New Energy Automobile Co., Ltd for CNY 35.3 million.
June 28, 2018
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Nuode Investment Co., Ltd. (SHSE:600110) acquired 49% stake in Beijing Zhongke Yinghua Electric Vehicle Technology Research Institute Co., Ltd. from Shenzhen Miles New Energy Automobile Co., Ltd for CNY 35.3 million on June 27, 2018. During the financial year ended December 2017, total assets of CNY 32.8 million, net assets of CNY 31.97 million, revenue of CNY 2.64 million and net loss of CNY 1.1 million.
Nuode Investment Co., Ltd. (SHSE:600110) completed the acquisition of 49% stake in Beijing Zhongke Yinghua Electric Vehicle Technology Research Institute Co., Ltd. from Shenzhen Miles New Energy Automobile Co., Ltd on June 27, 2018.
Nuode New Materials Co Ltd, formerly Nuode Investment Co Ltd, is a China-based company mainly engaged in the research, development, manufacturing, and sales of electrolytic copper foil. The Companyâs products are mainly used in lithium battery manufacturing. The Company is also involved in other businesses such as manufacturing of wire & cable and auxiliary parts, as well material trading. The Company mainly conducts businesses within the domestic market.
Nuode Investment Co., Ltd. acquired 49% stake in Beijing Zhongke Yinghua Electric Vehicle Technology Research Institute Co., Ltd. from Shenzhen Miles New Energy Automobile Co., Ltd for CNY 35.3 million.
NUODE NEW MATERIALS CO.,LTD. 
