According to Zhongtai Zero Distance News, Xinjiang Zhongtai New Energy Co., Ltd. (hereinafter referred to as "Zhongtai New Energy") was established in Xinjiang recently. Zhongtai New Energy Company has a registered capital of 100 million yuan and is a wholly-owned subsidiary invested and established by Xinjiang Zhongtai Group. Zhongtai New Energy will act as the lead company of Zhongtai Group’s new energy sector, integrate Zhongtai Group’s existing energy industry and resources, accelerate the establishment of Zhongtai Group’s green and low-carbon industrial chain and new energy resource guarantee industrial chain, and focus on the implementation of "Carbon Peak" "Carbon neutrality" strategic goal, vigorously promote the transformation and sustainable development of green and low-carbon industries.

Focusing on the development and growth of the new energy sector, Zhongtai New Energy will increase, strengthen and supplement the chain on the basis of the existing energy industry of the Zhongtai Group, take the lead in integrating the energy industry resources of the Zhongtai Group, and actively deploy renewable energy power generation projects in Xinjiang , Coordinate the development of national wind, water, and gas resources, and make every effort to build a green and low-carbon circular development demonstration project. Focus on the functional positioning and strategic tasks of the sector, improve the leading power of the energy industry with market-oriented operation and industrial investment, and continue to promote the high quality of the Zhongtai Group developing.

According to reports, Xinjiang Zhongtai Group is a state-owned enterprise funded and established by the People’s Government of the Autonomous Region and directly supervised by the State-owned Assets Supervision and Administration Commission of the Autonomous Region. In 2006, Zhongtai Chemical was listed on the Shenzhen Stock Exchange. In July 2012, the People's Government of the Autonomous Region established the Zhongtai Group on the basis of Zhongtai Chemical. In May 2021, Zhongtai Group was reorganized into a state-owned capital investment company. At present, Xinjiang Zhongtai Group has formed the three main businesses of "chemical industry, textile and agriculture", as well as coal chemical industry, petroleum and natural gas, textile and clothing, agriculture, modern international trade, finance, new energy, real estate, Logistics, education and scientific research in ten major sectors, with business in more than 80 countries and regions. Total assets and sales revenue have exceeded "100 billion" for four consecutive years since 2018. In 2018, it won the fifth "China Industry Award" in 2021. For the first time, it was selected as the 20th place in the "Top 25 Most Valuable Chemical Brands in the World". During the "14th Five-Year Plan" period, Zhongtai Group will accelerate its march into the new energy business field, cultivate new growth poles for the development of enterprises, accelerate the transformation and upgrading of the economic structure through the development of industrial clusters, and gradually realize the overall listing of the new energy industry sector. Enlarge state-owned capital and enhance the competitiveness of enterprises.