On November 13, information from the 'Notice of Simplified Cases of Concentration of Undertakings' issued by the Shaanxi Provincial Market Supervision and Administration Bureau revealed that LONGi Green Energy Technology Co., Ltd. is poised to acquire approximately 61.9998% of the voting rights in Suzhou JK ENERGY Technology Co., Ltd. This acquisition will be executed through a combination of equity purchase, capital injection, and voting rights delegation. Once the deal is finalized, LONGi Green Energy Technology Co., Ltd. will assume sole control over JK ENERGY. Specializing in lithium-ion battery energy storage systems, JK ENERGY has carved out a niche in the energy sector. However, LONGi Green Energy Technology Co., Ltd. has yet to reveal specifics such as the total transaction value. It's worth noting that among the top four companies ranked by photovoltaic module shipments, LONGi Green Energy Technology Co., Ltd. was the sole entity that had not previously made inroads into the energy storage business.