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Huayou Cobalt: Obtain 6.7 Million Government Funding
Zhejiang Huayou Cobalt Co. , Ltd. recently has received 6.7 million yuan’s government funding from provincial key enterprise research institute.
SHANGHAI, Oct. 24 (SMM)－Zhejiang Huayou Cobalt Co. , Ltd. recently has received 6.7 million yuan’s government funding from provincial key enterprise research institute, aiming to establish key enterprise research institute of new energy material of Zhejiang Huayou Cobalt Co. , Ltd. and the precursor project of cathode material for high-performance power battery. SMM thinks this subsidy will help with Huayou’s extension of industry chains, also showing intention of Zhejiang Provincial Government to support Li-battery of new energy industry.
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