On April 22, Kedali announced that, to further improve the company's production capacity layout in the field of precision structural components for new energy lithium batteries, meet customers' capacity supporting requirements, and in consideration of industry development trends and the company's strategic planning, the company plans to invest no more than Yuan 1.2 billion of its own raised funds to construct the Jiangsu Kedali Lithium Battery Precision Structural Components Phase IV Project in the Liyang High-tech Industrial Development Zone, Jiangsu Province. Upon reaching full production, the project is expected to achieve an annual output value of approximately Yuan 2 billion.
This investment is conducive to further expanding the company's presence in the new energy lithium battery precision structural components market and implementing its strategic planning, and has positive significance and a driving effect on the company's future development.
Edited by Cassie Li, lixiangying@mysteel.com
