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Tianneng go-ahead for batteries spin-off

Wed, 04/24/2019 - 16:51 -- John Shepherd
Tianneng go-ahead for batteries spin-off

Financial regulators in China have given Tianneng Energy Technology the green light to spin-off its batteries division to “expand and transform” its lead-acid and lithium-ion manufacturing operations.

Tianneng said the spin-off would focus on R&D, manufacture, sales and “ancillary services” for lead-acid, lithium-ion and other “new energy batteries”.

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