CNGR to establish CNGR New Energy Global R&D Base
2021-05-18 16:18:42 [Print]
CNGR announced that its board of directors reviewed and approved its Scheme on Signing a Contract on Settling CNGR New Energy Global R&D Base and 35,000tpy Lithium Battery Precursor Material, Supporting Nickel Cobalt Resource and Battery Recycling Projects in National Grade Economy and Technology Development Zone in Ningxiang with Management Committee of Economic development Zone in Ningxiang
. According to the contract, the base and the projects will have a total investment of about RMB1 . 3 billion (USD202 . 29 million), including the fixed asset investment of RMB700 million (USD108 . 93 million), and cover about 162,333 square meters with 18-month construction period for the main engineering . The products produced by the base and the projects will be widely used in new energy lithium battery area, power battery area and other areas.