Time: 2024-09-10
CATL , the universe 's large power battery maker , is currently in discussion to purchase DAS Solar , a globally acknowledge photovoltaic faculty supplier . DAS Solar , which rank no . 8 in PV faculty cargo in the first one-half of this year , has catch the attention of CATL , as report by local medium mercantile_establishment LatePost . This potential acquisition semen as CATL seek to expand its presence in the photovoltaics industry.
Before prosecute DAS Solar , CATL had make an attempt to get a majority interest in Jiangsu Runergy New Energy Technology for RMB 4 billion . However , Tongwei emerge as the winner by offer RMB 5 billion for a 51 percentage interest in Runergy , setting a new record in China 's PV industry . With Tongwei 's successful command , it was announce that Runergy would become its control subordinate upon finalization of the deal . CATL 's interest in DAS Solar is part of its wide scheme to brand strategic acquisition in the photovoltaic sector.
growth in China 's power battery industry has decelerate in Holocene old_age , suggestion CATL to research investing opportunity in other sector . Despite approach several PV faculty company in the second one-fourth , CATL face challenge in acquiring top player like JinkoSolar , Longi , Trina Solar , JA Solar , Atlas , and Canadian Solar , who are well - establish in the market with strong fiscal backing . As a consequence , CATL is now focus its attempt on DAS Solar as a potential acquisition target.
negotiation between CATL and DAS Solar are ongoing , with discussion expect to reason within a calendar_month . While DAS Solar has offer a significant monetary_value , CATL belief it may be too high , lead to ongoing negotiation between the two party . Apart from CATL , other player in the PV industry are also express interest in DAS Solar , highlight the attraction of the company within the market . If the deal go through , it would enhance CATL 's vertical integration in the new energy sector and position the company as a key player in the evolve energy landscape.
In the aftermath of a downturn in sector evaluation in early 2023 , the PV industry is experience a revival in M&A activity this year . CATL 's strategic move to get DAS Solar align with its ambition to strengthen its position as a lead energy company . With the potential acquisition of DAS Solar , CATL purpose to solidify its bridgehead in the Solar energy market and drive invention in the renewable energy sector . This strategic enterprise underscore CATL 's committedness to sustainable energy solution and its vision for a more integrate and sustainable energy future.
Business
