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TENPOWER INITIATED RESPONSIBLE MINERALS DUE DILIGENCE MANAGEMENT

Tenpower has put into effect and distributed supply chain management policies to eliminate and prevent any monetary interests from flowing into regions where conflict minerals are used to support illegitimate organizations that infringe human rights and international consensus.

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Tenpower x Einhell Ready for “Mission to Mars”

As a strategic partner of the Axel Springer Awards 2020, Einhell Germany AG will be joining Tesla and SpaceX founder Elon Musk’s “Mission to Mars”. Tenpower lies at the very heart of Einhell’s Power X-Change battery (PCX) platform. Since the platform's inception in 2014, Tenpower has been Einhell’s exclusive supplier of lithium-ion battery cells, supplying Einhell with more than 100 million cells.

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Tenpower Announces 3.6 GWh Capacity Expansion Plan

Tenpower announced a 1.26 billion Chinese yuan investment plan to expand its lithium-ion battery cell manufacturing plant 2 in Zhangjiagang. As a result, Tenpower’s annual production capacity will reach 700 million cells upon completion of the expansion scheme. The first production line expects to start operation as early as October 2021, and the full expansion plan is expected to be completed during 2022.

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Tenpower Parent Company Aucksun Announces Name Change

Aucksun announced plans today to change its corporate name to “Azure Corporation”. The new name “Azure Corporation” signifies the Company’s new focus on the manufacturing and development of lithium-ion batteries and semiconductors, as the company’s lithium battery business has become the company’s main growth engine.

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5Bn

Total project investment over 5 billions Chinese Yuan.

#1

The largest market share in power tools lithium-ion battery cell shipped in China, 2019. (*B3 research 2019)

+50%

Revenue compound annual growth rate (CAGR) over 50% 2011-2019.

8GWh

Up to 8GWh of cylindrical lithium-ion battery cell capacity.

ENVIRONMENTS GOING BEYOND SUSTAINABILITY

We keep thinking about our long-term responsibilities to the environment in which we all work and live.

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