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Is Wanxiang Group a state-owned enterprise or a private enterprise?

Private enterprises. Official website of Wanxiang Group shows that the company was established in 1969, which is a private enterprise and registered in Zhejiang Market Administration Bureau. Wanxiang Group Company is located in Xiaoshan Economic and Technological Development Zone, Hangzhou City, Zhejiang Province. Its business scope includes lithium-ion power batteries, industrial investment, sales and technical services.