PTL: Plans to Invest Approximately 2.051 Billion yuan in the 50,000 mt/year Lithium-Ion Battery Anode Material Project

Published: Mar 13, 2026 16:11

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PTL announced that on March 11, 2026, the 15th meeting of the fourth board of directors of Shanghai Putailai New Energy Technology Group Co., Ltd. unanimously reviewed and approved the Proposal on Investing in the Construction of an Anode Material Production Site in Malaysia. Through its wholly owned overseas sub-subsidiary, Zichen Malaysia Sdn. Bhd., the company is expected to invest in the construction of a 50,000 mt/year lithium-ion battery anode material project in Malaysia, with a planned total investment of $297 million (or the equivalent in other currencies, approximately 2.051 billion yuan, subject to the actual investment amount and not exceeding $297 million).

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