Ningde era proposed to raise no more than 20 billion yuan plus the main business

Published: Feb 27, 2020 08:47

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SMM: on the evening of February 26, Ningde Times released a non-public offering plan to raise no more than 20 billion yuan for power battery and energy storage battery project construction, research and development and replenishment of liquid funds, in order to enhance profit space and stabilize the market position.

The 20 billion yuan fixed increase project of Ningde era mainly includes the expansion project of lithium ion battery in the west of Ningde era, the R & D and production project of Jiangsu era power and energy storage lithium ion battery (phase III), the first phase of Sichuan era power battery project, the research and development project of electrochemical energy storage frontier technology reserve, and the replenishment of working capital. According to the project information, the total annual production capacity of the three lithium battery construction projects is about 52GWh.

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