Shenzhen-listed Sotech to buy Chinese lithium battery business for $110m

Shenzhen-listed Sotech to buy Chinese lithium battery business for $110m

A person holding white Android smartphone in white shirt. Source: NordWood Themes/Unsplash

Chinese automation solutions provider Sotech Smarter Equipment plans to acquire an 88 per cent stake in Guangdong-based lithium battery business Super Components for 774 million yuan ($110 million).

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