Recently, Yinlong New Energy said that according to the development needs of the company and with the approval of the State Administration of Markets, Yinlong New Energy Co., Ltd. was renamed Gree Titanium New Energy Co., Ltd. from 202119. Yinlong New Energy is a high-tech enterprise focusing on the new energy industry. Founded in 2009, the legal representative is Lai Xinhua, with a registered capital of11030,000 yuan, and its business scope includes the production and sales of lithium-ion power batteries and energy storage batteries. According to the corporate financing information, Yinlong New Energy was acquired by Gree Electric on August 3rd1with an amount of 654,380+08 billion yuan.