Liang invested a hefty sum in the establishment of the Tianxing New Energy Research Institute at Huaqing Hao, news that quickly spread and was confirmed by the university administration.
The reactions from various powers were mixed. Investing in NIO and the Ningde Era could be categorized as venture capital or value investment.
But to build a new energy research institute from scratch was an act of investment in its own creation.
Liang, was he planning to enter the fray himself?
Soon, a new energy technology company named Tianxing Technology came into public view.
Registered with a capital of 20 million US Dollars and with the same amount paid in full, the company was associated with the Tianxing New Energy Research Institute at Huaqing University, primarily engaged in the technological development within the new energy and intelligent system technology sectors.
