Xin Lang Cai Jing·2026-02-07 04:16Group 1 - Maxell, a Japanese electronics and materials company, announced the sale of its lithium-ion battery subsidiary, Wuxi Maxell Energy Co., Ltd., to Zhejiang Xinghuan Holdings, a wholly-owned subsidiary of Xinghe Energy, for approximately 48.96 million yuan, with the transaction expected to be completed within the month [1] - The sale is part of Maxell's proactive adjustment of its global business strategy, as the company has decided to cease its square lithium battery business by 2025 and plans to dissolve and liquidate the Wuxi subsidiary responsible for this product [1] - Maxell, established in 1960, was a significant player in the mobile device market with its square lithium batteries, but has seen a decline in sales and profits due to the consumer electronics market's shift towards pouch batteries [1] Group 2 - LG Energy Solution announced an agreement with Hanwha Solutions' U.S. subsidiary to supply batteries for its energy storage system project, with plans for local production to avoid tariff uncertainties [2] - The agreement includes the supply of 5 GWh of batteries, with delivery scheduled between 2028 and 2030 [2] - Guoxuan High-Tech plans to raise up to 5 billion yuan by issuing no more than 272 million A-shares to no more than 35 specific investors, with the net proceeds intended for three major battery projects and to supplement working capital [2]