Nanjing CBAK New Energy Technology Co., Ltd /
Shenzhen BAK Power Battery Co., Ltd.
Nanjing CBAK to buy stake in Shenzhen BAK Power Battery
What happened
Nanjing CBAK New Energy Technology Co., Ltd agreed to acquire a 5% stake in Shenzhen BAK Power Battery Co., Ltd. from Shenzhen BAK Battery Co., Ltd. The purchase price is RMB260 million (approximately $35.57 million).
Shenzhen BAK Power Battery Co., Ltd. is a power battery research and development and manufacturing company.
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Nanjing CBAK to buy stake in Shenzhen BAK Power Battery
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