Chinese-owned AESC sells controlling stake in US battery factory
Energy
Sale to Fixx Energy comes amid tightened restrictions on China-linked firms
A licensing agreement that is part of the deal will allow AESC technology to be be used in battery cells that will be sold under Fixx Energy. (Photo by Yuki Kohara)
BRISBANE, Australia — Chinese-owned battery maker Automotive Energy Supply Corp has sold a majority stake of its only U.S. battery plant to Fixx Energy, which signed a multiyear deal to supply battery cells to energy storage supplier Fluence Energy.
