HASCO plans to acquire a 49% stake in SAIC Qingtao for 206 million yuan, marking its first entry into the solid-state battery field
HASCO plans to acquire a 49% stake in SAIC Qingtao held by SAIC Motor for 206 million yuan, marking its first entry into the solid-state battery field. This acquisition will help improve the company's "smart power" platform product matrix and achieve synergistic development of solid-state batteries with electric drive, thermal management, and other businesses
According to the Zhitong Finance APP, HASCO (600741.SH) announced that the company plans to acquire 49% equity of Shanghai SAIC Qingtao Energy Technology Co., Ltd. ("SAIC Qingtao") held by its controlling shareholder SAIC Motor for RMB 206 million. This equity acquisition marks the company's first entry into the solid-state battery field, which is beneficial for completing the product matrix of the "Intelligent Power" platform and achieving synergistic development of the "solid-state battery" business with "electric drive," "thermal management," and other businesses
