Wetown Electric Group Co Ltd. Stock Analysis 688226.SS

Wetown Electric Group Co., Ltd. engages in the research, development, manufacturing and sale of bus products. The company is headquartered in Zhenjiang, Jiangsu and currently employs 1,645 full-time employees. The company went IPO on 2021-07-07. The firm's business covers three major business areas, including power distribution equipment, new photovoltaic materials, and energy storage systems. Power distribution equipment business includes low-voltage busbars, high-voltage busbars, tin-coated copper strips, medium and low voltage complete sets of equipment, copper and aluminum products, and others. The photovoltaic new materials business manufactures photovoltaic welding strips and aluminum frames. Its energy storage systems mainly include DC cabins, AC cabins, and industrial and commercial energy storage standard cabinets. The firm's products are mainly applied in electric power, electronics, automobile manufacturing, rail transit, data centers, metallurgical chemicals, commercial real estate, new energy and other industries.