Hangzhou Zhongheng Electric Co., Ltd announced a private placement of Common Shares of the company to raise gross proceeds of CNY 4,100,000,000 on June 9, 2026. The transaction involves participation from new investor Contemporary Amperex Technology Co., Limited to acquire 49% stake in the company.
Contemporary Amperex Technology Co, Ltd. is specialized in the design, manufacture and marketing of automotive battery systems. Products include energy storage solutions, energy storage batteries and lithium-ion rechargeable batteries for electric vehicles (passenger cars, buses, trucks, etc.).
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Global
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ESG MSCI
ESG MSCI
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