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CATL Acquisition of Geely Battery Plant Approved
2026-09-15 10:56:59 CATL (03750.HK)'s acquisition of equity interests in Chongqing Yaoning New Energy Technology was included in the "List of Unconditionally Approved Operator Concentration Cases from August 31, 2026 to September 6, 2026", according to data from the State Administration for Market Regulation. The review was completed on September 3, and the operators participating in the concentration were CATL and Zeekr Automobile (Shanghai) Co., Ltd.. The core asset of the transaction is a battery plant under the Geely system currently under construction, with total planned investment of approximately RMB8.5 billion and planned production capacity of 30GWh. ~ AASTOCKS Financial News Website: www.aastocks.com | |