Artes (688472.SH) plans to establish two joint ventures with its controlling shareholder, and adjusting its operations in the U.S. market.

Smart Finance APP News, ATS (688472.SH) announced that the company plans to adjust its operations in the US market in collaboration with its controlling shareholder, Canadian Solar Inc. (referred to as "CSIQ"). They will establish two joint ventures, M and N, with CSI holding 24.9% of the shares and CSIQ holding 75.1% of the shares. Company M will be engaged in the photovoltaic business in the US, including operating photovoltaic cell and module factories. Company N will focus on the energy storage business in the US, including operating manufacturing factories for lithium iron phosphate energy storage cells, battery packs, and DC energy storage systems.