On March 11, Putailai announced that, in order to seize opportunities in overseas markets, particularly in Southeast Asia, advance its international development strategy, support local customer needs, and meet the demands of downstream clients and the end market, the company plans, through its wholly-owned overseas subsidiary, Zichen Malaysia Sdn. Bhd., to invest in the construction of a project for the annual production of 50,000 tonnes of lithium-ion battery anode materials in Malaysia. The total planned investment is US$297 million (or the equivalent in other currencies, approximately Yuan 2.051 billion, subject to the actual investment amount and not exceeding US$297 million).
This investment in building an anode material production base will further enhance the company's overseas production capacity layout, effectively enabling it to meet downstream customers' supply chain management and order requirements.
Edited by Cassie Li, lixiangying@mysteel.com
