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14 Jun
09:44

Pylontech to invest in sodium battery firm Zoolnasm

Shanghai-listed energy storage company Pylontech announced it plans to invest CNY 30 million ($4.19m) in sodium-ion battery firm Zoolnasm, Kallanish learns.  Pylontech will also subscribe to CNY 283,786 of the new registered capital of Zoolnasm and after the transaction, it will hold a 1.92% stake in Zoolnasm. The investment is aimed to realise vertical integration of the sodium-ion battery industry chain and achieve innovative breakthroughs in sodium-ion ba…
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