| Tianneng is China's number one manufacturer and distributor of lead-acid batteries used in electrical bicycles. The company has acquired the country's largest market share through premium branding, leading technical design, and strong R&D capabilities.
The company also designs, manufactures and distributes electric bicycle chargers, motors and controllers, which together with the batteries are considered the four major components of electric bicycles.
In December 2004, Prax invested in Tianneng together with New World Fund. Tianneng was listed on the Hong Kong Stock Exchange in June 2007. |
