China Energy Storage Technology Development Ltd. Expands with New Subsidiary in Cambodia to Boost EMS Production
China Energy Storage Technology Development Ltd. has announced its expansion into Cambodia with the establishment of a wholly-owned subsidiary, Telefield (Cambodia) Electronic Company Limited (TCE). This move is part of the company's strategy to leverage tax benefits under a Qualified Investment Project, facilitating the import of raw materials and machinery from China, and exporting Electronic Manufacturing Services $(EMS.AU)$ products to the US. TCE, with a registered capital of USD 1 million, plans to invest approximately USD 5 million over the next 12 months to set up production facilities. The company aims to commence mass production by the end of 2025, enhancing its customer base in the US market.
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