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Home / Metal News / Guangdong Dynavolt Power to Raise $ 0.19 Bln for Lithium-ion Battery Project

Guangdong Dynavolt Power to Raise $ 0.19 Bln for Lithium-ion Battery Project

iconJul 26, 2016 16:24
Source:SMM
Guangdong Dynavolt Power Technology Co. will collect funds to build a lithium-ion battery project, based on its announcement on July 21.

SHANGHAI, Jul. 26 (SMM) – Guangdong Dynavolt Power Technology Co. will collect funds to build a lithium-ion battery project, based on its announcement on July 21.

The company proposed to raise funds not exceeding 1.3 billion yuan ($ 0.19 billion) through the non-public offering plans for A-shares.

Total investment for the project will be 3 billion yuan and construction will take three years. Ater entering into service, the project will have an annual capacity of 6 billion WH lithium-ion batteries used in new energy vehicles.

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Guangdong Dynavolt Power Technology
lithium battery

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