Announced
Financials
Sources
Tags
Single Bidder
Production Technology Equipment
Minority
Acquisition
battery maker
Domestic
China
lithium-ion batteries
Friendly
Public
Pending
Synopsis
SAIC Motor, a Chinese state-owned automaker, agreed to invest $382m in QingTao, a solid-state lithium-ion battery maker. The proposed investment, subject to the approval of QingTao’s existing shareholders, will boost SAIC Motor’s stake in the firm to about 15.29% from the current 4.2%.
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