XTC New Energy to establish subsidiary to acquire hydrogen storing alloy material assets

XTC New Energy announced on October 18th that it will invest RMB100 million (USD13.Asian Metal Copyright57 million USD22.Asian Metal Copyright84 million) to establish a wholly-owned subsidiary, XTC Hydrogen Energy Technology Co.Asian Metal Copyright84 million to establish a wholly-owned subsidiary, XTC Hydrogen Energy Technology Co.Asian Metal Copyright, Ltd.Asian Metal Copyright, to acquire hydrogen storing alloy material assets held by XTC, the holding shareholder, at RMB164.Asian Metal Copyright, to acquire hydrogen storing alloy material assets held by XTC, the holding shareholder, at RMB164.Asian Metal Copyright, to acquire hydrogen storing alloy material assets held by XTC, the holding shareholder, at RMB164.Asian Metal Copyright57 million (USD22.Asian Metal Copyright As an important raw material for Ni-MH battery, hydrogen storing alloy Ni-MH battery anode material is mainly applied in power battery and energy-storage fields and has some cooperativity with lithium-on battery cathode material business, which is the main business of XTC New Energy at present.Asian Metal Copyright78 million).Asian Metal Copyright, to acquire hydrogen storing alloy material assets held by XTC, the holding shareholder, at RMB164.Asian Metal Copyright As an important raw material for Ni-MH battery, hydrogen storing alloy (Ni-MH battery anode material) is mainly applied in power battery and energy-storage fields and has some cooperativity with lithium-on battery cathode material business, which is the main business of XTC New Energy at present.


.Asian Metal Copyright57 million USD22Asian Metal Copyright