# Car Tech to go public via merger with AltEnergy Acquisition Corp

Car Tech, a U.S. stamped auto-body parts manufacturer and subsidiary of Shinyoung Co., Ltd., entered into a definitive business combination agreement with AltEnergy Acquisition Corp to list on NASDAQ. The transaction aims to expand Car Tech's U.S. manufacturing capacity for EV battery-related body parts.

- Type: Acquisition
- Announced: 2024-02-21
- Where: Opelika, Alabama, United States
- Status: announced
- Products: stamped auto-body parts, EV battery-related body parts
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Car Tech](https://endata.com/companies/48632.md) (target)
- [AltEnergy Acquisition Corp](https://endata.com/companies/75778.md) (acquirer)
- [Shinyoung Co., Ltd.](https://endata.com/companies/75779.md) (investor)

## Sources

- [prnewswire.com](https://www.prnewswire.com/news-releases/car-tech-llc-and-altenergy-acquisition-corp-announce-definitive-business-combination-agreement-to-list-merged-company-on-the-nasdaq-capital-market-302067178.html), 2024-02-21: "We anticipate this transaction will expand Car Tech's manufacturing capacity so we can fill new signed orders with major global OEMs."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.