Adata ventures into electric car battery business

The popular memory company, Adata, has been branching off and trying new things.  At Computex this year we saw their new line of Power Supplies, I guess electric car batteries are just the next logical step.

China-based Golden Crown (GC) Energy, which specializes in making electric car batteries, has drawn investment from Adata Technology, according to the battery maker speaking on the sidelines of the opening of its new plant. The major Taiwan-based DRAM module house has taken up a 10% stake in GC Energy.

When times are tough companies tend to scramble to find something to diversify their income streams, this is why you see so many buyouts and mergers during a recession.  However when a company that specializes in memory products starts to do something totally unrelated to the field people (investors) tend to take notice.

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