China Coal Energy Group establishes new energy company in Wuhan with a registered capital of 65 million
China Coal Energy Group has established a new energy company in Wuhan, named Zhongmei Resource (Wuhan) New Energy Co., Ltd., with a registered capital of 65 million RMB. This subsidiary, wholly owned by China Coal Resource Development Group Co., Ltd., will focus on renewable energy services including hydropower and wind power technology. Additionally, a separate entity, Cao Cao Intelligent Driving Technology (Shanghai) Co., Ltd., was founded with a 50 million RMB capital, concentrating on AI software development, and is fully owned by Hangzhou Youxing Technology Co., Ltd., an affiliate of Cao Cao Mobility. AI
IMPACT New AI software development company established, indicating potential future AI product advancements.