Shenzhen Sunrise New Energy Co., Ltd. (SZSE:002256) agreed to acquire an unknown minority stake in Shenzhen Yongsheng New Energy Co., Ltd. from Zhejiang Qianhong Industrial Co., Ltd. for approximately CNY 350 million on May 19, 2023.

Shenzhen Sunrise New Energy Co., Ltd. (SZSE:002256) completed the acquisition of an unknown minority stake in Shenzhen Yongsheng New Energy Co., Ltd. from Zhejiang Qianhong Industrial Co., Ltd. on May 24, 2023.