CATL signs $370 million deal for 24.8% stake in Qiyuan Green Power
The transaction values Qiyuan Green Power at about 10.275 billion yuan, with CATL expected to become its largest shareholder after registration
CATL signed a contract to acquire a 24.8% stake in Qiyuan Green Power for 2.55 billion yuan ($370 million), expanding its position in commercial-vehicle battery swapping.
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