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Ningde Times invests in building a new lithium battery base

 Last Update: 2021-09-19
 Source: Internet
 Author: User

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Sinochem News News on September 13, Ningde Times issued an announcement stating that the company plans to invest in the construction of a new type of lithium battery manufacturing base project in Yichun City, Jiangxi Province, with a total investment of no more than 13.
5 billion yuan, and the source of funds is self-raised by the company
.

The planned land area of the project is about 1,300 mu, and the construction period is expected to not exceed 30 months

Ningde Times stated that the company's investment in the construction of production bases is in line with the company's strategic development plan, and will further improve the company's production capacity layout, meet the company's future business development and market expansion needs, and is of great significance to promote the company's long-term stable development
.

In addition to announcing that it will invest in the construction of a new lithium battery manufacturing base in Yichun, CATL also announced on the same day that it plans to participate in the establishment of Suzhou Times Xin'an Energy Technology Co.
, Ltd.
(in preparation), focusing on electric vehicle drive control systems
.

The registered capital of the joint venture is 2.

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