Dynavolt to sell equity stake of Zhengzhou Dakar Auto Leasing

Published: Nov 12, 2018 15:23

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This was part of Dynavolt's move to reduce its business in new-energy vehicles

SHANGHAI, Nov 12 (SMM) – To reduce its business in new-energy vehicles, Dynavolt Renewable Energy Technology will sell its 80% equity stake of Zhengzhou Dakar Auto Leasing to Zhongjin Automobile Trading Service, at a benchmark price of 259 million yuan.

The company has more than 30 years of battery manufacturing experience. It was listed on the Shenzhen Stock Exchange in 2012.

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