Smart Energy to Add $ 0.47 Bln Investment in Lithium-ion Battery Project

SHANGHAI, Aug. 11 (SMM) – Smart Energy plans to raise funds for the research, development and upgrade of 3Gwh high energy density motive storage lithium-ion battery, based on the company’s announcement on August 10.

The company proposes to collect funds of 3.11 billion yuan ($ 0.47 billion) through issuance of shares with per share worth 9.02 yuan. Of the funds, a total of 2.51 billion yuan will be invested in the lithium-ion project and the rest 600 million yuan will be used to add cash liquidity. Total investment for the project is 3.89 billion yuan.  

The article is edited by SMM and is provided for information purpose only. SMM assumes no liability and does not warrant the accuracy, reliability or completeness of information contained or quoted in the article, either express or implied. SMM further disclaims any liability for losses in connection with the information contained or quoted in the article.

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.