Shanghai Electric Gotion New Energy Technology Co., Ltd. ( hereinafter as “Shanghai Electric Gotion”) , the first batch of pilot enterprises as Shanghai state-owned mixed ownership enterprise which employees are able to hold stock , was established in December 2017 by Shanghai Electric Group Co., Ltd. and Gotion Hi-Tech Co., Ltd. Shanghai Electric is one of the largest state-owned companies in China's equipment manufacturing industry. Gotion Hi-Tech ranks among the top three in domestic power battery manufacturing enterprises. Both companies have strong R&D capabilities, forward-looking development horizons and rich resource advantages. Shanghai Electric Gotion will make full use of the brand effect, technology accumulation, resource advantage and manufacturing experience of both sides in the field of energy equipment and power battery to give full play to the synergistic effect of the industrial chain. It mainly focuses on advanced energy storage lithium battery key materials, batteries, battery management and system integration of the whole industrial chain layout. It is committed to the R&D, sales and services of lithium battery energy storage system products , as to provide customers with efficient, reliable, and customized energy storage solutions. With excellent battery technology, optimized system integration technology and other competitive advantages, the company can provide system solutions for energy storage plus green energy peak load and frequency modulation, wind and photovoltaic abandoning, industrial park application, and grid side energy storage application. Shanghai Electric Gotion invested in Shanghai Electric Gotion New Energy Technology (Nantong) Co., Ltd. on October 16, 2018, and was responsible for the establishment of the Shanghai Electric Gotion energy storage system (Nantong) base project.