Energy Insider: Top EV Charging Station Maker Eyes $46.5 Million Fundraising; Hubei Shuts All Coal Mines for Maintenance

In today’s Caixin energy news wrap: Cement industry’s off season comes earlier than usual as demand weakens; leading EV charging startup plans $46.5 million fundraising; Hubei orders coal mines to halt production for maintenance; and PetroChina finds new shale oil reserves.

Xining Special Steel faces potential ownership change

Xining Special Steel Co. Ltd. (600117.SH) said its controlling shareholder Xining Special Steel Group Co. Ltd. plans to invite strategic investors as the company prepares for a reorganization and relocation. The move may lead to a change in Xining Special Steel’s controlling shareholder, the company said in a filing. The plan is in the preparatory phase and has yet to be confirmed, reviewed and approved by regulators, Xining Special Steel said.