On October 20th, Youngy Group officially signed an investment cooperation agreement with the government of Wuhai City, Inner Mongolia. Youngy Group will invest Yuan 4.5 billion to establish a lithium battery manufacturing and lithium battery material production base in Wuhai.
Specifically, the project is planned to be constructed in the Haibowan District of Wuhai, covering an area of 900 acres. After the completion of the project, an annual 10 GWh lithium-ion battery cell production line and supporting PACK production line will be formed, as well as a production line for 100,000 tons of lithium-ion battery anode materials.
Edited by Cassie Li, lixiangying@mysteel.com