Desay to invest RMB7.5 billion in 20GWh energy storage battery cell project

Desay Corporation announced that it entered into an agreement with the Management Committee of Wangcheng Economic and Technological Development Zone on January 20, 2022.Asian Metal CopyrightDesay Corporation announced that it entered into an agreement with the Management Committee of Wangcheng Economic and Technological Development Zone on January 20, 2022.Asian Metal Copyright Pursuant to which, Desay will set up a holding subsidiary in the development zone to build Desay energy storage battery cell project, with a planned fixed assets investment of RMB7.Asian Metal CopyrightDesay Corporation announced that it entered into an agreement with the Management Committee of Wangcheng Economic and Technological Development Zone on January 20, 2022.Asian Metal Copyright5 billion (USD1.Asian Metal Copyright Pursuant to which, Desay will set up a holding subsidiary in the development zone to build Desay energy storage battery cell project, with a planned fixed assets investment of RMB7.Asian Metal Copyright18 billion).Asian Metal Copyright18 billion.Asian Metal Copyright The project consists of the headquarter, R&D center and production center for energy storage battery cell with capacity of 20GWh, to be completed in three phases.
.Asian Metal Copyright5 billion USD1Asian Metal Copyright