News Release |

eVTOL: R&D and Investment advence together

  • European investment institutions such as Navat Capital and representatives from the Indian Ministry of Industry discussed overseas investments.
  • Tenpower attach importance to the development and commercialization of the eVTOL product line.
  • Tenpower shares its ESG report and future energy consumption optimization plans.
On June 5, SMM Shanghai Metals Market, several European investment funds, and the European Battery Association visited Tenpower.

Tenpower and the SMM Shanghai Metals Market delegation had an in-depth discussion on European and Indian investment policy act. The delegation included the European Battery Association, the Indian Ministry of Industry, and global investment institutions such as Navat Capital and the Appian Natural Resources Fund.

Tenpower Power’s parent company, Azure (SZ002245), planned an investment of $280 million in 2022 to build a cylindrical lithium battery production base in Selangor, Malaysia, aiming for mass production in the second quarter of 2025. Tenpower will also add full-tab production lines in Malaysia to supply the overseas market.

With the global surge in the eVTOL market, Tenpower is developing new products and expanding its business in the global low-altitude aircraft track market. Tenpower has already signed product cooperation development MoU with customers in Europe, the United States, and India.
Tenpower also shared its global investment exploration experiences. The visitors exchanged ideas with Tenpower on the overseas expansion and investment strategies of Chinese lithium battery enterprises.
Additionally, Tenpower also shared its efforts in environmental governance, presenting its 2024-2025 water resource conservation goals and measures.

Jiangsu Tenpower Co., Ltd. is a wholly-owned subsidiary of Azure. Tenpower has four major production bases worldwide, with a total investment plan exceeding ten billion yuan. It is a manufacturer specializing in cylindrical battery cells.

About Tenpower

Tenpower is a leading cylindrical lithium-ion battery cell developer and manufacturer specialize in producing high rate lithium-ion battery cells. Tenpower has accumulated tremendous amounts of know-how through 14 years of persistent endeavor in basic material research and electrochemical technologies. Owing to prior experience in the power tool battery industry, Tenpower is a strong proponent of quality-first philosophy, investing heavily in state-of-the-art equipment and rigorous quality control processes to guarantee the consistency and safety of the battery cells. Today Tenpower has expanded to various industries including power tools, micro-mobility, smart appliances and critical applications, incorporated into the supply chain of many leading first-tier international companies, shipping more than 10 billion battery cells to hundreds of companies across more than 40 countries. Further information at

About Azure Corporation

Azure Corporation (江苏蔚蓝锂芯股份有限公司) is a China-based company mainly engaged in the manufacturing of lithium battery cell and semiconductors, as well as metal logistics and distribution business. The Company operates its businesses through three segments. The lithium-ion battery cell segment is mainly engaged in the manufacturing of lithium-ion battery cells. The semiconductor segment is primarily engaged in the manufacturing and sales of light-emitting diode (LED) epitaxial wafers and chips. The metal logistics and distribution segment consists of active distribution business and commissioned business of its products. Further information at