eTrust Power (ETP) Group Ltd.

Company profile

eTrust Power Group Ltd. (also refered to as "ETP") was invested by CITICPE, which is one of the subsidiaries of CITIC group, in the sector of industrial and new energy. ETP strives to be an international new-energy solution provider and is specialized in R&D and manufacturing of lithium-ion batteries for energy storage systems, electric vehicles, battery management systems (BMS), as well as battery market development. ETP is going to build an annual production capacity up to 7 billion Wh (~4 billion Wh currently). Our products have been wildly used in new EVs and energy storage applications.

Core advantages

President Hou Xiaohe has more than 20 years’ experience working in R&D, sales and management of lithium-ion batteries. He has been honored with the Chinese Battery Industry Annual Personage Award, Gaogong Lithium Technology Pioneers and other titles. Additionally, President Hou led eTrust Power to win the Chinese top ten Lithium Electric Black Horse Enterprise and the Best supplier of GES Energy Storage Lithium Battery in 2017.

Corporate culture

Mission Profession creates value. Energy changes the world.
Corporate vision To become a world-class new energy solution provider.
Core value Respect, Pragmatic, Initiative,Creativity
Quality policy Integrity and honesty;Truth and innovation;Cooperation and win-win; Commitment to excellence

Strategic layout

Build a world-class provider of new energy solutions

Starup ETP plans to accomplish a mass production up to 8 billion Wh to occupied 5% of the national market by the end of 2018, which can be applied for more 10,000 EVs or 3 GWh annual sales of new energy storage.

Development ETP plans to accomplish a mass production up to 20 billion Wh to occupied 10% of the national market by the end of 2021, which can be applied for more 25,000 EVs or 20 GWh annual sales of new energy storage.

Exploitation ETP plans to accomplish a mass production up to 50 billion Wh to occupied 20% of the national market by the end of 2030, which can be applied for more 50,000 EVs or 50 GWh annual sales of new energy storage.

Development history

June 8, 2016

eTrust Power Group Ltd. founded
August 2016

1st-stage production equipment Enter the installation and debugging stage
September 2016

1st-stage pilot production
November 2016

eTrust Power 2nd Phaes laid foundation
May 2017

Shanghai R&D center and marketing headquarter of eTrust Power registrated
October 11, 2017

2nd-stage factory of eTrust Power put into production
October 18, 2017

Anhui Jinzhai factory of eTrust Power laid foundation

June 8, 2016

August 2016

September 2016

November 2016

May 2017

October 11, 2017

October 18, 2017

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