[Zhuhai CosMX Battery: Plans to Invest 2 Billion Yuan in New-Type Lithium Battery Production Project]
CosMX Battery announced that the company plans to invest approximately 2 billion yuan of its own or raised funds in a new-type lithium battery production project, which will be used for constructing a new steel shell mass production line. The project is located in Doumen District, Zhuhai City, with an estimated investment amount of 2 billion yuan, and the funding source will be from the company's own or raised funds. The construction period of the project is expected to be 12 months, aiming to enhance the core competitiveness of the company's products, meet customer needs, and consolidate and expand market share. This investment will not affect the company's daily capital turnover, business, and operational independence, nor will it have any adverse impact on the financial and operational conditions.