Corun to acquire a 30% stake in Jiangxi Dingsheng New Material Technology for $167m.

Corun, an energy storage solutions provider, agreed to acquire a 30% stake in Jiangxi Dingsheng New Material Technology, a lithium-ion battery materials developer, for $167m. “The signing of this agreement will help speed up our strategic transition, optimise resource allocation, improve management, and expand the scale of our core battery business. It is also beneficial to ensure the continuous development of CHS’s hybrid power business,” Corun.