Wholesale Distributor Refrigerator Thomson Electric Appliances is in a fight to keep its $1.8 billion purchase of electrical appliances

Thomson Electric Appliances is in a fight to keep its $1.8 billion purchase of electrical appliances

Thomson has announced it will buy a third of a company that makes battery-operated electric appliances, after losing an earlier bid for the same company.

Thomson bought the Battery-On-Batteries unit of Wuhan Electronics Co. in 2015 for about $1 billion.

That deal, which included battery-powered appliances from a Chinese company, came after a deal with battery manufacturer NXP Semiconductors, which sold battery-equipped devices to other manufacturers.

Thomsson had been eyeing a battery-owned appliance manufacturer for years.

It has a portfolio of brands including electric scooters, electric bikes, and electric skateboards.

But last year, it decided to focus its efforts on electric scooter manufacturers, including Tesla Motors, which was acquiring a majority stake in its China operations.

In August, Tesla announced that it was buying a minority stake in Wuhang Electronics for $1 in an acquisition that valued the company at $3.8 trillion.

Thomton says it will use the purchase to focus on its electric vehicle business, which has grown rapidly in China over the last decade.

The purchase will allow Thomson to expand its battery-electric business in China, said Eric Cramer, an analyst at RBC Capital Markets.