Xinhao to offload solar arm to Luxshare in related-party deal amid pivot to core ops
Shenzhen Xinhao Photoelectricity Technology said on June 22 that it had signed a Letter of Intent with Luxshare Precision Industry Co. to transfer full ownership of its photovoltaic subsidiary, Xinguang Energy Technology (Anhui) Co. The move is part of Xinhao’s broader effort to streamline operations, exit underperforming PV assets, and refocus on core businesses such as glass protection panels and hybrid energy storage systems.
Taiwanese government approves Foxconn India and US investments
Xiaomi unveils YU7 electric SUV to challenge Tesla Model Y in China
GPPC targets semiconductors, EV opportunities in its net-zero transition
China on cusp of seeing over 100 DeepSeeks, ex-top official says
China’s 618 shopping festival fails to ignite memory market as prices outpace demand
China’s annual 618 mid-year shopping festival — once a bellwether of consumer strength — wrapped up with mixed results this year, highlighting persistent weakness in domestic demand and mounting challenges for the memory and storage sectors.