On March 17, Lidao New Material announced that its wholly-owned subsidiary, Lidao New Energy (Anhui) Co., Ltd., plans to build a new battery aluminum foil expansion project. The total investment in the project is approximately Yuan 280 million, primarily used for equipment procurement and plant construction. The investment aims to meet the strong demand for battery aluminum foil in the downstream electric vehicle and energy storage sectors, expand production capacity, and increase market share.
Edited by Cassie Li, lixiangying@mysteel.com
