SHANGHAI, Jul. 4 (SMM) – Hubei Jinquan New Material, the subsidiary of China’s EVE Energy, entered an agreement on motive lithium-ion battery project with Jingmen High-tech Zone Administrative Committee on July 4, EVE Energy announced today. 

Total investment for the project is scheduled to be 2.5 billion yuan ($ 0.38 billion) and construction of the project will be divided into phases.

After entering into full operation, the project is expected to yield 3.45 billion yuan of output value per year. 

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