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

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

Company News 04:24:05PM Jul 26, 2016 Source:SMM

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.

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.


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

Company News 04:24:05PM Jul 26, 2016 Source:SMM

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.

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.