SHANGHAI, Jun. 1 (SMM) – Camel Group will put online first phase of lithium-ion battery project in August, finance.qq.com reported.

The first phase of the project has an annual capacity of 0.7Gwh, which is expected to increase the company’s performance by more than 10% in 2016. And the project is scheduled to grow earnings by 1.5 billion yuan ($ 0.22 billion) for the company in 2016. 

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