Feb 24, 2023 08:50 PM

TECH

Chinese Regulators Question Auto Supplier Over Next-Generation Battery Claims

By Zhao Xuan and Ward Zhou

China’s securities regulator is investigating auto component supplier Nanjing Aolian AE&EA Co. Ltd. (300585.SZ) after its stock price fell more than 30% this week when questions arose about its expertise in a key solar panel technology.

The China Securities Regulatory Commission (CSRC) has started scrutinizing the firm on suspicion of providing false information to the public about its new business, according to a note that Nanjing Aolian received Thursday night.

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