[Lithium battery: Shanshan plans RMB 4 billion private placement for 150kt anode base]

Published: Oct 22, 2026 17:05 (GMT+8)

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Shanshan announced a private share placement to its indirect controlling shareholder Conch Group, which will subscribe in full with cash, raising up to RMB 4 billion. Part of the proceeds will fund a 150,000-ton-per-year lithium battery anode integrated base in Baotou, Inner Mongolia, with planned investment of RMB 5.106 billion and 50,000 tons of supporting graphitization capacity; RMB 1.5 billion will supplement working capital.

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