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HASCO to acquire 49% of SAIC QingTao to enter solid-state battery industry
Huayu Automotive Systems Co., Ltd. (HASCO) plans to acquire SAIC Motor’s 49% stake in Shanghai SAIC QingTao Energy Technology Co., Ltd. (SAIC QingTao) for CNY 206 million. Upon completion of the transaction, HASCO will own 49% of SAIC QingTao. Established in November 2023 with a registered capital of CNY 1 billion, S....
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