SSE Exchange | China Country |
Sichuan New Energy Power Company Limited, originally known as Sichuan Chemical Company Limited, was established in 1997. With its headquarters based in Chengdu, China, the company has widened its focus from producing and selling chemical fertilizers and basic chemical raw materials to venturing into the new energy sector. The transition into the alternative energy industry, including wind power, photovoltaic power stations, and various other forms of new energy power like biomass energy, solar heat, and geothermal energy, represents a strategic move to diversify its operations and reduce dependency on traditional chemical products. Furthermore, their involvement in lithium mining and production underscores a strategic pivot towards supporting the burgeoning electric vehicle industry.