Recently, Centre Testing International Group Co., Ltd. (referred to as "CTI Centre Testing" with stock code 300012) successfully signed an investment agreement to acquire a 70% stake in Jiangsu Honghai Vehicle Testing Co., Ltd. (referred to as "Changzhou Honghai") in order to strategically position CTI Centre Testing in the field of electric bicycle testing.
Changzhou Honghai was established in 2016, formerly known as the Bicycle Quality Supervision and Inspection Station of the State Light Industry Bureau (established in June 1998). Changzhou Honghai focuses on electric bicycles, bicycles, and parts testing business, obtained the qualification of designated laboratory for electric bicycle CCC certification in 2020, and continues to expand its testing capabilities.
In recent years, there have been frequent safety accidents involving electric bicycles, prompting the strict strengthening of the enforcement and control of the new national standards for electric bicycles, light electric motorcycles, and other two-wheeled vehicles by the country. Related testing institutions' capabilities will become an important force in leading the healthy development of the electric bicycle market. Simultaneously, with the increasing global attention to electric travel methods, the demand and sales of electric two-wheeled bicycles are continuously growing. This trend is driven by multiple factors, including the increasing awareness of environmental protection, worsening urban traffic congestion, and the growing demand for smart travel solutions.
As one of the leading third-party testing and certification service providers in China, CTI Centre Testing's investment in the layout of testing capabilities for electric bicycles and light electric motorcycles, among other two-wheeled vehicles, further enhances the ecosystem layout of Centre Testing's electronic technology industry to better empower and promote industrial development.
This investment is expected to be completed within the year.
About CTI
Centre Testing International Group was established in 2003, headquartered in Shenzhen, China. It is the first listed company in the testing and certification industry in China (stock code: 300012), and one of the leading third-party testing and certification service providers in China. Adhering to the values of "integrity, teamwork, lean, innovation, and customer first", with a mission of "delivering trust for a quality life", CTI Centre Testing International Group provides global customers with one-stop testing, inspection, certification, measurement, audit, training, and technical services, dedicated to fostering trust between governments, enterprises, and consumers, ensuring overall quality and safety, promoting compliance and innovation, and achieving a healthier, safer, and more eco-friendly high-quality development.
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