Do you still remember the Internet company The9 (Nasdaq: NCTY, referred to as "9City"), which announced that it would build cars together with Faraday Future (FF)? Recently, it has accelerated its layout in the field of new energy vehicles. Recently, The9 and its wholly-owned subsidiaries have reached an investment agreement with Kexin Power System Design Research Co., Ltd. (referred to as "Kexin Power"), a supplier of electric vehicle power batteries, new energy energy storage, and battery management systems, and its major shareholder. The9 will acquire shares in Kexin Power through a share exchange and enter the production and operation of electric vehicle power batteries, new energy storage systems, battery management systems and other products.

　　Information shows that Kexin Power is headquartered in Zhenjiang and is a high-tech enterprise engaged in the research and development of lithium-ion power battery systems and energy storage battery systems. The company's products cover electric vehicle power batteries, new energy energy storage systems, and battery management systems, which are widely used in new energy commercial vehicles, passenger cars, special vehicles, new energy photovoltaic power generation, wind power generation and other fields.

　　Ninetowns said that the next 3 to 5 years will be a stage of rapid development of new energy vehicles. With the strong promotion of national policies and the development of major vehicle manufacturers, new energy vehicles will enter a prime period of development, and the demand for power batteries will increase. Rapid growth; in addition, in the energy storage industry, the industry chain will enjoy explosive growth brought about by the large-scale industrialization of new energy vehicles.

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