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RS Technologies Co. Ltd. ( (JP:3445) ) has provided an update.
RS Technologies Co., Ltd. has announced the establishment of a new subsidiary, RS Energy Technology (Panzhihua) Co., Ltd., in Sichuan Province, China. This joint venture with a Chinese state-owned enterprise aims to supply VRFB electrolytes for local storage power plants and manufacture powdered vanadium, leveraging proprietary technology for a stable supply. This move is part of RST’s strategy to expand its production capabilities in response to the growing VRFB market in China.
The most recent analyst rating on (JP:3445) stock is a Buy with a Yen3526.00 price target. To see the full list of analyst forecasts on RS Technologies Co. Ltd. stock, see the JP:3445 Stock Forecast page.
More about RS Technologies Co. Ltd.
RS Technologies Co., Ltd. operates in the energy sector, focusing on the research, development, manufacturing, and sales of electrolytes for vanadium redox flow batteries (VRFB). The company is expanding its market presence in China, which is currently the largest market for VRFB.
Average Trading Volume: 115,893
Technical Sentiment Signal: Buy
Current Market Cap: Yen102.3B
For detailed information about 3445 stock, go to TipRanks’ Stock Analysis page.