FDG Kinetic Limited used to be a company investing primarily in the energy conservation, environmental protection and clean energy sectors with the “Green and Growth” investment philosophy. It has 45% equity interests in Huaneng Shougang Wind Power Co Ltd, (華能壽光風力發電有限公司), a wind power electricity developer and operator in China.
But in 2015, through:
- investing equity interests in Sinopoly Battery Limited;
- acquiring the entire equity interests in FDG Kinetic (Chongqing) Lithium Ion Battery Materials Co Ltd; and
- the proposed cooperation with Advanced Lithium Electrochemistry (Cayman) Co Ltd (listed on the Taipei Exchange, stock code: 5227)
FDG Kinetic Limited has expanded to become an integrated company specializing in technology development, production and sales of lithium-ion batteries besides “Green Energy” investment. Moreover, it is an indirect non-wholly-owned subsidiary of FDG Electric Vehicles Limited (stock code: 729).