Longbai group: it plans to invest 3.5 billion yuan in the integration project of lithium ion battery cathode materials
Financial Associated Press, Nov. 29 - Longbai group announced that in order to seize the development opportunity of lithium-ion battery and further strengthen the company's layout in the lithium-ion battery cathode material industry, Henan Baili new energy materials Co., Ltd., a wholly-owned subsidiary of the company, plans to invest in the construction of an integrated project with an annual output of 200000 tons of lithium-ion battery cathode materials. The total investment of the project is 3.5 billion yuan.
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