RS Technologies expands into automotive camera modules and energy storage

RS Technologies (RST) is significantly expanding its footprint in two key growth areas: automotive camera modules and vanadium redox flow batteries (VRFB) electrolytes. The company announced the acquisition of Jiangxi Shinetech Precision Optical Co., Ltd. ("Jiangxi Shinetech"), an established player in China's automotive camera module market, through its consolidated subsidiary RS Precision Devices (Huizhou) Co., Ltd. ("RSPDH"). RSPDH will acquire 51% of Jiangxi Shinetech's shares for RMB 62,448,980, making it a consolidated subsidiary of RST by the fourth quarter of December 2025. This move aims to leverage Jiangxi Shinetech's technological capabilities and RSPDH's quality control expertise for competitive product development and global expansion.

Concurrently, RST is establishing a new subsidiary, RS Energy Technology (Panzhihua) Co., Ltd. (tentative name), in Panzhihua City, Sichuan Province, China. This joint venture will be 51% owned by RST's subsidiary RS Energy (Shandong) Co., Ltd. with a capital of RMB 100 million. The new entity will primarily produce VRFB electrolytes and powdered vanadium, a critical raw material, for local government-operated storage power plants. This initiative follows RST's entry into the energy market in December 2023 and the establishment of RS Energy (Shandong) Co., Ltd. in June 2025, positioning RST to capitalize on China's expanding VRFB market.

Both strategic moves are expected to have a minimal impact on RST’s consolidated financial results for the fiscal year ending December 2025.