Zhejiang Dingli Machinery Co.,Ltd (SHSE:603338) agreed to acquire 24% stake in Teupen Maschinenbau GmbH on August 14, 2020. In addition, after the acquisition of stock rights, Dingli will also take TEUPEN company as the location, the establishment of a new Dingli European Research and Development center which is also after Dingli European R&D center (Italy) another important layout of technology globalization.