EnergyTrend learned that on July 23, Sunwoda issued an investment progress announcement, disclosing the latest developments regarding Tianjin Kaixin Energy Storage Equity Investment Partnership (Limited Partnership).
According to the announcement, Shenzhen Xinneng Industrial Development Technology Co., Ltd. (a wholly-owned subsidiary of Sunwoda), in collaboration with Kaixian Capital Management Co., Ltd., Huizhou Yuede Energy Co., Ltd., and Zhejiang Xunneng Technology Co., Ltd., has jointly established Tianjin Kaixin Energy Storage Equity Investment Partnership (Limited Partnership).
The partnership has a total committed capital of RMB 500 million, with all parties contributing in cash. The breakdown of contributions is as follows:
- Zhejiang Xunneng Technology: Committed RMB 250 million, accounting for 50%;
- Shenzhen Xinneng Industrial Development Technology: Committed RMB 240 million, accounting for 48%;
- Huizhou Yuede Energy: Committed RMB 5 million, accounting for 1%;
- Kaixian Capital (General Partner and Fund Manager): Committed RMB 5 million, accounting for 1%.
Under the terms of the partnership agreement, no less than 70% of the total paid-in capital will be invested in standalone energy storage projects, with opportunistic allocations into wind power and photovoltaic (PV) projects.
According to the latest progress, the entity has completed its commercial registration and obtained its business license. The fund manager, Kaixian Capital, notified that the partnership completed its private equity fund registration with the Asset Management Association of China (AMAC) on July 22, 2026, with Industrial Bank Co., Ltd. acting as the fund custodian.
As of the date of the announcement, Sunwoda's wholly-owned subsidiary, Xinneng Technology, has paid an initial capital contribution of RMB 8 million to the partnership. Subsequent contributions will be made in installments in accordance with call notices issued by the fund manager.
The announcement also noted that the funding for this collaboration originates from Xinneng Technology's self-owned funds. This investment does not constitute a related-party transaction, nor does it constitute a major asset reorganization. Sunwoda stated that it will continuously track the implementation progress of the investment in accordance with regulatory requirements and fulfill its information disclosure obligations in a timely manner.
Source：EnergyTrend
