Hongqiao Group is a new energy company focusing on renewable energy. Its subsidiary Karen Photovoltaics is engaged in the production of metal silicon and the research and development of solar-grade high-purity silicon (UMGs). The company’s main projects include resources and new energy, namely SAM – iron ore Shi project and Shandong Hengyuan – Lithium-ion power battery. Geely Group recently completed the acquisition of 68.86% shares of Hongqiao Group, with an amount of about 224 million Hong Kong dollars.
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