Is Texas Aoguan Group a state-owned enterprise?

No. State-owned enterprises refer to wholly state-owned enterprises, wholly state-owned companies and state-owned capital holding companies that the State Council and local people's governments perform the responsibilities of investors on behalf of the state respectively. Aoguan Group, founded in 1987, is a national high-tech enterprise integrating R&D, production and sales of new energy batteries and a leading brand of colloidal power supply in China. Dezhou Aoguan Group is a natural wholly-owned limited liability company, belonging to private enterprises.