China-Kazakhstan Perovskite PV and All-Solid-State Energy Storage Center Unveiled in Ordos

On the evening of July 20, Furih Group Co., Ltd. issued an announcement stating that it plans to acquire 78.80% of the equity of Bosilis (Nanjing) Co., Ltd. for 399.6 million yuan. The transaction has been approved by the second meeting of the ninth board of directors of Furih Group. Upon completion of the transaction, Bosilis (Nanjing) will become a holding subsidiary of Furih Group and will be included in its consolidated financial statements. As of the date of the agreement signing, Bosilis Co., Ltd. holds 78.8% of its equity, while Nanjing Zhongli Enterprise Management Partnership (Limited Partnership) holds 21.2%.

It was recently learned that the main construction work of Zhiliang New Materials' annual 30,000-ton lithium iron manganese phosphate powder production line project has been largely completed. The No. 1 workshop is expected to be topped out in August this year, with trial production scheduled to begin by the end of the year. The project is invested and constructed by Zhongke Zhiliang New Energy Materials (Zhejiang) Co., Ltd., located in the Keqiao Economic Development Zone, Shaoxing City, Zhejiang Province, with a total investment of 1.1 billion yuan. The project plans to produce 30,000 tons of lithium iron manganese phosphate powder annually, with an estimated annual operating revenue of 2 billion yuan upon reaching full capacity.

COSMO AM&T announced in a filing on July 22 that it recorded second-quarter revenue of KRW 137.7 billion and operating profit of KRW 4.6 billion. Compared with the same period last year, revenue rose 15%, while operating profit increased by around 780%. The company’s secondary battery cathode materials business is also understood to have seen improved production facility utilization compared with the previous quarter.