22 Years' Battery Customization

Zhongli Group plans to acquire a 3.41% stake in BAK Power to further align the new energy power battery industry

May 23, 2019   Pageview:529

Recently, Zhongli Group announced that the company intends to acquire a 3.41% stake in Shenzhen BAK power battery Co., Ltd. held by Tibet Haoze Trading Co., Ltd. with self-raised funds of RMB 350 million. After the completion of the transaction, the company's stake in BAK Power increased from 4.88% to 8.29%.

 

Zhongli Group is mainly engaged in the three major businesses of optical and cable industry chain manufacturing, photovoltaic new energy and special communication equipment. Among them, in the photovoltaic new energy business, in addition to the stable development of solar cell chip-component manufacturing business, the development and construction of photovoltaic poverty alleviation power station (EPC+distributed) is the focus of the development of photovoltaic power station business.

 

The announcement disclosed that the company's business plan for the new energy industry in 2018: it will use the platform of the listed company to acquire the equity of the new energy power battery business through the capital operation mode, which is conducive to extending the layout in the new energy industry, promoting the transformation and upgrading of the company and further enhancing the company. Total market capitalization and profitability.

 

BAK Power is a company that has been cultivating power battery for many years. It has accumulated deep wealth in the industry and formed and accumulated technical reserves in the field of power batteries, especially in the field of ternary material lithium batteries. The further acquisition of Bicker Power's equity is conducive to the company's expansion of the influence of the comparative power, deep integration of the new energy power battery industry, is the necessary behavior to achieve the company's long-term development of the new energy industry development strategy, in line with the interests of the company and all shareholders.

 

The page contains the contents of the machine translation.

*
*
*

Leave a message

Contact Us
Your name(optional)

* Please enter your name
* Email address

Email is required. This email is not valid
* How can we help you?

Massage is required.
Contact Us

We’ll get back to you soon

Done