Aiside to acquire 51% shares of Shanmu New Energy to launch lithium battery business
2022-11-08 15:36:11 [Print]
Aiside announced on November 7th that it will, through its wholly-owned subsidiary, Aiside New Energy, to acquire 51% shares of Shanmu New Energy at RMB76
. 50 million (USD10 . 56 million) by cash and will incorporate the newly acquired shares into its financial statements . Mainly engaging in R&D, production and marketing of lithium-ion batteries, Shanmu New Energy owns advanced process and production technologies in LFP battery field and its products include cylindrical LFP batteries, soft-pack (polyester) batteries, large square LFP batteries, large battery assembly & electronics power management systems (PACK) and others.