As a major subsidiary of the Group, Zhejiang Tianneng Battery Co., Ltd. whose predecessor Zhejiang Changxing Storage Battery Factory founded in 1986, becomes a leading producer of motive batteries for electric vehicles in China after 2 decades of development.

Currently, the Group engages in producing and selling lead-acid motive battery for electric bikes, Ni-MH battery and lithium battery products all over China. To respond Chinese Government's calling for the industry, the Group starts to enter the field of solar and wind energy storage battery, and expects mass production to start in mid 2009.

From the establishment, "Tianneng" is the dominant brand in China motive battery market. Products are sold under the brand "Tianneng", which is the one of renowned brands for motive batteries in China. "Tianneng" has obtained many awards and certificates, including "National Well-known Trademark" and "Zhejiang
Prominent Brand Product".