Chinese PV Substitute Brief: JinkoSolar to promote 49% of storage subsidiary
JinkoSolar says it plans to promote a 49% stake in Jinko Vitality Storage to investment firm Haining Xinchao.
Vincent Shaw
Image: pv journal
JinkoSolar has revealed that it plans to promote a 49% stake in its wholly owned Jinko Vitality Storage subsidiary to Haining Xinchao. The investment firm has reportedly agreed to pay CNY 1.5 billion ($209 million) to attain the stake in Jinko Vitality Storage.
Sungrow stated it plans to sail off Sungrow Unique Vitality so it would possibly well well list its shares on a stock change in China. Sungrow Unique Vitality generated CNY 11.6 billion of earnings and a earnings of CNY 1.37 billion in 2022. Within the principle half of this 300 and sixty five days, it recorded CNY 7.56 billion of earnings and a earnings of CNY 870 million.
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