On December 24th, Lopal Technology announced that the company plans to adjust the production capacity of the third phase of the Production Project for Cathode Materials of New Energy Vehicle Power and Energy Storage Batteries from 62,500 tonnes per year to 100,000 tonnes per year.
This adjustment does not involve any change in the use of raised funds and does not constitute a connected transaction. The project is expected to be completed and reach its intended usable status by May 2026. The total investment in the project is approximately Yuan 910 million, with a post-tax internal rate of return (IRR) of 12.59% and a post-tax investment payback period of 7.64 years.
Edited by Cassie Li, lixiangying@mysteel.com
