BAIYU Holdings to Acquire Shenzhen Jintongyuan Energy Storage Technology

SES AI Acquires UZ Energy (Shenzhen UZ Energy Co., Ltd.)

September 18, 2025

Energy

SES AI Corporation executed a definitive agreement to acquire 100% of UZ Energy, an energy storage systems (ESS) provider, for approximately $25.5 million (subject to earnout adjustments). SES AI later announced the acquisition’s completion, positioning the company to expand reach in the global ESS market—especially in the United States—by combining UZ’s hardware and go-to-market with SES AI’s Molecular Universe software and battery materials.

TMT Acquisition Corp to Merge with eLong Power Holding Limited

December 4, 2023

Energy

TMT Acquisition Corp (a publicly traded SPAC) entered into a definitive business combination agreement to take eLong Power Holding Limited public via a merger, with the combined company expected to be named eLong Power Inc. The transaction values initial equity at an implied $450 million and is expected to close in the first half of 2024, providing eLong Power with access to U.S. public markets and capital to support expansion of its commercial EV and energy storage battery business.

Eaton Acquires 50% Stake in Jiangsu YiNeng Electric's Busway Business

June 25, 2021

Manufacturing

Eaton completed the acquisition of a 50% stake in Jiangsu YiNeng Electric’s busway business, a China-based manufacturer of busway products that reported $60 million in sales in 2020. The joint arrangement expands Eaton’s power distribution and power quality portfolio in the Asia‑Pacific region to better serve data center, commercial building and industrial customers.

Equinor Acquires East Point Energy

July 9, 2022

Energy

Equinor has signed an agreement to acquire 100% of Charlottesville-based battery storage developer East Point Energy LLC, bringing a 4.1 GW pipeline of early- to mid-stage US battery storage projects into Equinor's renewables portfolio. The deal accelerates Equinor's entry into the US power market and expands its capabilities in grid-scale battery storage to support its broader renewable and trading strategy.

Energy Plug Technologies Acquires True North Battery Energy Storage Corp.

September 19, 2023

Energy

Energy Plug Technologies Corp. has completed its acquisition of True North Battery Energy Storage Corp., adding battery energy storage and EV charging capabilities to its portfolio. The deal includes a Letter-of-Cooperation for distribution with Taiwan-based C-LiFE Technologies and positions Energy Plug to expand battery energy storage product distribution across North and South America.

Baidu Acquires JOYY's YY Live Business in China

February 25, 2025

Media & Entertainment

Baidu has acquired JOYY Inc.'s video-based entertainment live streaming business in mainland China (known as YY Live) for approximately US$2.1 billion. As part of the deal, about US$1.6 billion previously deposited in escrow was released to Baidu, which plans to invest those funds in its cloud and AI infrastructure.