Trina Solar Co., Ltd. announced that its wholly-owned subsidiary Trina Solar AG will sell its core asset Trina Solar US Manufacturing Module 1LLC to FREYR Battery, Inc. After the completion of this transaction, the company will receive $0.1 billion in cash, $0.15 billion face value of senior notes, and 45.878 million shares of FREYR common stock. In the first stage, it will receive 15.4378 million shares, accounting for 9.9% of the total issued share capital after the issuance. In the second stage, it will receive 30.4401 million shares after relevant approvals, representing approximately 19.08% of FREYR's shareholding at that time. If the approval for the second stage is not obtained, the company will receive approximately $80 million senior notes from FREYR as compensation.