Haier Group, through its subsidiary COSMOPlat Energy, is advised by Clifford Chance on global antitrust filings for its acquisition of a controlling interest in Shanghai Discovery, a leading energy and carbon management services provider in China.

Information on the Target

Shanghai Discovery Energy Service Co., Ltd. (Shanghai Discovery) is a leading provider of comprehensive energy and carbon management services in China. Established with a focus on integrating advanced technologies, the company employs artificial intelligence and low-carbon innovations to deliver extensive solutions tailored to the needs of the pan-semiconductor industry and significant energy consumers. Their service offerings span the entire lifecycle of energy management and environmental services, aiming to enhance operational efficiency and sustainability for their clients.

As a subsidiary of Haier Group Corporation, COSMOPlat Energy Technology Co., Ltd. is at the forefront of driving technological innovation and facilitating digital transformation in various sectors. The acquisition of a controlling interest in Shanghai Discovery reflects Haier's commitment to expanding its footprint in the energy sector while championing sustainable practices and innovative technologies.

Industry Overview in China

The energy and carbon management industry in China has witnessed significant growth due to the increasing demand for sustainable and efficient energy solutions. With the nation prioritizing environmental goals amid its rapid industrialization,