Shenzhen Xinhao Photoelectricity Technology said on June 22 that it had signed a Letter of Intent with Luxshare Precision Industry Co. to transfer full ownership of its photovoltaic subsidiary, Xinguang Energy Technology (Anhui) Co. The move is part of Xinhao's broader effort to streamline operations, exit underperforming PV assets, and refocus on core businesses such as glass protection panels and hybrid energy storage systems
China's annual 618 mid-year shopping festival — once a bellwether of consumer strength — wrapped up with mixed results this year, highlighting persistent weakness in domestic demand and mounting challenges for the memory and storage sectors
