Topband's subsidiary to invest RMB5 billion in Li-battery project
2021-12-09 17:17:03 [Print]
Topband announced on December 8 that, in order to expand its Li-battery production, its fully owned subsidiary Shenzhen Topband Li-battery Co., Ltd. plans to form a new subsidiary in Nantong city, Jiangsu province to take charge of constructing a Li-battery project. The planned subsidiary will also be responsible for acquisition of plant buildings formerly belonging to Hanhua New Energy as workshops for production equipment on aluminum-packed cells, soft-packed cells, cylinder-shaped cells and battery PACK production lines.
The project will have a planned investment of RMB5 billion (USD0.79 billion) and be constructed via three stages. Stage one will have an investment of RMB1.6 billion (USD0.25 billion) and an annual production capacity of 2GWh battery cells and 1GWh battery packs. Stage two will have an investment of RMB1.7 billion (USD0.27 billion) for constructing a new capacity of 2GWh battery cells and 1.5GWh battery packs. Stage three will be invested with RMB1.7 billion (USD0.27 billion) for additional capacity of 2GWh battery cells and 1.5GWh battery packs.
The project will have a planned investment of RMB5 billion (USD0.79 billion) and be constructed via three stages. Stage one will have an investment of RMB1.6 billion (USD0.25 billion) and an annual production capacity of 2GWh battery cells and 1GWh battery packs. Stage two will have an investment of RMB1.7 billion (USD0.27 billion) for constructing a new capacity of 2GWh battery cells and 1.5GWh battery packs. Stage three will be invested with RMB1.7 billion (USD0.27 billion) for additional capacity of 2GWh battery cells and 1.5GWh battery packs.
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