Strong government backing and relevant product portfolio make this green energy giant a stock to own

A rose by any other name would smell just as sweet. Although it is not named Tesla, Hong Kong-listed Tianneng Power International (TP), mundane though it may sound, is just as exciting. TP is a leader in the Chinese new energy battery industry. The company has been around for more than 30 years and has grown into a large high-tech energy group focusing on the manufacturing and provision of services of environmentally-friendly products, particularly batteries for electric vehicles (EVs).

The main products and services TP provides include power storage ancillary services; production and sale of lithium batteries for new energy vehicles; start-and-stop batteries; wind power and solar power storage batteries; the recycling and cyclic utilisation of waste batteries; and construction of smart-micro grids in cities across the nation, along with the building of green and smart industrial parks. Simply put, TP is an important player in the value chain of China’s goal in turning environmentally friendly in the future. The company has two reporting segments: First is the sales of batteries and battery-related products, the other is the trading of new energy materials.

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