New Energy
Chinese Inverter Maker Plans $150 Million Solar Base in Malaysia
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Ningbo Deye Technology Co., a Chinese inverter producer, plans to invest up to $150 million in building a solar equipment manufacturing base in Malaysia.
The company will set up a subsidiary in the Southeast Asian country and plans to make photovoltaic equipment and energy storage products there, it said in an exchange filing in Shanghai on Monday. The investment needs approvals from both the Chinese and Malaysian governments, it added.