EVE Energy to form JV with Tongling Huachuang New Material on Li-battery copper foil
2021-09-03 17:04:54 [Print]
Recently, EVE Energy signed a co-investment agreement with Tongling Huachuang New Material Co
. , Ltd . The two companies planned to form a joint venture with a registration capital of RMB480 million (USD74 . 31 million), of which RMB144 million (USD22 . 29 million) will be invested by EVE Energy for a 30% interest in the JV . Li-battery copper foils produced by the new company will be sold preemptively to EVE Energy and its subsidiaries . The joint venture will have a designed production capacity of 100,000tpy Li-battery copper foil, with 20,000tpy capacity to be constructed at initial stage.