Desay Battery to establish holding subsidiary for energy storage battery cell business
2021-12-17 18:04:18 [Print]
Desay Battery announced on December 16th that it will establish a holding subsidiary together with strategic investors and other relative parties to conduct energy storage battery cell business. Of the total registered capitals of RMB500 million (USD78.50 million) for the subsidiary, RMB350 million (USD54.95 million) will come from Desay Battery, which will accordingly hold 70% shares of the subsidiary.
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