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Kandi Technologies Strategically Secures Controlling Interest in Xinchu New Energy, Expanding into AIDC Backup Power Storage
9 hour ago /
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Author：小编
On June 29, Kandi Technologies unveiled a strategic move by investing 20 million yuan in Xinchu New Energy. This investment enabled Kandi Technologies to acquire a 51% stake, thereby gaining a controlling interest. With this step, the company successfully extended its business scope to the AIDC (Artificial Intelligence Data Center) backup power storage sector, signaling its foray into the global market for AI data center backup power and energy storage solutions.
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