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14 Feb
08:31

SK Automation Technology raises stake in NEV battery maker

Listed high-tech company Shanghai SK Automation Technology (also known as Xianhui Technology) plans to acquire 51% of Ningde Dongheng, a machinery company now focusing on lithium battery module structures and "an excellent supplier of CATL." According to the announcement made on the evening of 10 February, "after the completion of this equity transaction, the two parties are expected to establish upstream and downstream synergies with Dongheng Machi…
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