At a glance
Project Ritar Power Vietnam
Ritar Power (Ritar International Group) is a Sealed Lead Acid (SLA) Battery Company listed in NASDAQ. Established in May 2002, Ritar manufactures and sells environmentally friendly Sealed Lead Acid (SLA) batteries. Now Ritar covers battery, battery charger, handset screen and precious metal and has developed into a large-scale multiplication enterprise group. Ritar has been a legend of the new energy industry in China.
Acknowledged the competitive advantages and the potential market, Ritar Power established Ritar Power Vietnam Company Limited and invested to build a over 10-hectare manufacturing factory at Tay Ninh province, Vietnam. The investment capital is up to US $50m and the estimated annual revenue is around US $30m. The first stage of the project is carried out by Trung Hau Group with the scale of work which is 6 ha, including 3 ha of factory.