Weiming Environment announces RMB19.1 billion joint investment in lithium battery materials project
2022-08-05 16:32:10 [Print]
Weiming Environment announced on August 4 that it has entered into a joint investment agreement with Chengtun Mining, Yongqing Technology and Sunwoda to build a Li-ion battery materials production base in Wenzhou for up to RMB19
Weiming Environment will invest up to RMB3.45 billion (USD511 million) in the project . A joint venture will be set up to develop the project, with additional capital injection subject to project process.
. 1 billion (USD2 . 83 billion) . The proposed production base will produce high-nickel matte, high-nickel NCM precursor and high-nickel cathode material, with an annual production capacity of 200,000tpa of high-nickel NCM.Weiming Environment will invest up to RMB3.45 billion (USD511 million) in the project . A joint venture will be set up to develop the project, with additional capital injection subject to project process.