Xiamen Tungsten New Energy Approves Capital Increase for Ternary Materials Project

Published: Dec 21, 2023 13:57

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Xiamen Tungsten New Energy is a new energy company, and it recently held a board meeting to approve the capital increase for the French annual output of 40,000 tons of ternary materials project. This move aims to further support the follow-up development of the project and meet the growing demand from overseas customers. The decision is in line with the company's future overall strategic development direction, beneficial for expanding the business scale, enhancing industry position and risk resistance, and strengthening the company's comprehensive strength. (Excerpt from Battery China report)

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