Tianneng Group to Obtain $163 Mln for New Lithium Battery Project

Published: Jul 9, 2015 16:48

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Tianneng Group will construct a 2 billion mAh/year lithium battery project, ddc.net reported.

SHANGHAI, Jul. 9 (SMM) – Tianneng Group recently signed letter of intent with Shanghai Pudong Development Bank which will allow the battery leader to obtain 1 billion yuan ($163 million) for its new lithium battery project, ddc.net reported.

The funds raised will be mainly used in production and testing equipment of the 200 million Ah/yr lithium battery project.

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Tianneng Group lithium battery

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