On September 22, Liqi Intelligent announced that the company has formally signed an Investment Cooperation Agreement with Wuxi Wanshanhu Industrial Development Co., Ltd. to invest in and construct the Liqi Lithium-ion Battery Equipment Intelligent Manufacturing Production Base and R&D Center Project. The total investment of the project is Yuan 2 billion, of which Phase I investment is Yuan 1 billion, to build an intelligent manufacturing production base and R&D center for automated material handling equipment. Phase II involves Yuan 1 billion investment, to be implemented in batches subject to capacity demand. This investment does not constitute a related-party transaction or a major asset restructuring.
Edited by Cassie Li, lixiangying@mysteel.com
