Mingyang takes stake in Chinese battery company for 190 million CNY

Mingyang Smart Energy, a major wind turbine manufacturer, will acquire a 13.03% stake in Higee Energy, a battery manufacturer based in Jiangsu. The 190 million CNY (30 million USD) investment will make Mingyang the third largest shareholder of the company. Higee Energy was established in April 2016. It is mainly engaged in the research and development, production, sales and service of lithium-ion batteries, battery packs and systems for energy storage.

(BJX)

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