Keda Manufacturing subsidiary plans 4.5 billion yuan graphite anode plant in Inner Mongolia
Keda Manufacturing Co., Ltd. announced on September 21 that its subsidiary, Fujian Keda New Energy Technology Co., Ltd., signed an investment agreement with the Tumd Right Banner government to build a 500,000-ton-per-year graphite anode material integrated project in Baotou, Inner Mongolia. The total investment is approximately 4.5 billion yuan. The company aims to capitalize on growth in global electrification and energy storage markets, deepen customer partnerships, and achieve economies of scale. The project also includes plans for an R&D center and a northern headquarters.
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Keda Manufacturing subsidiary plans 4.5 billion yuan investment in graphite anode material project
Keda Manufacturing Co., Ltd. (600499.SH) announced that its subsidiary, Fujian Keda New Energy Technology Co., Ltd., has signed an investment cooperation agreement with the Tumd Right Banner People's Government. The subsidiary plans to invest approximately 4.5 billion yuan (including working capital) to build a 500,000-ton-per-year graphite anode material integrated project in the Baotou Tuyou New Industrial Park. The company stated that this investment aims to seize opportunities from the rapid growth of the global electrification and energy storage markets, implement its lithium battery materials business strategy, and deepen strategic cooperation with core customers. The project is also intended to improve the scale effect of its anode material integration layout and enhance brand and market influence. The company believes this investment will help expand business scale, increase market share, and achieve economies of scale in the rapidly developing lithium-ion battery industry.
Read sourceKeda Industrial Plans 4.5 Billion Yuan Investment for 500,000-Ton Graphite Anode Material Project
Keda Industrial (600499.SH) announced on September 21 via its subsidiary Fujian Keda New Energy Technology Co., Ltd. that it plans to invest approximately 4.5 billion yuan (including working capital) to build an annual 500,000-ton graphite anode material integrated project in the Tuyou New Industrial Park, Baotou, Inner Mongolia. The company stated that the move aims to seize opportunities from the rapid growth of global electrification and the energy storage market, implement its lithium battery material strategy, and meet rising demand for new energy and anode materials. The project will also involve collaborating with core customers to deepen strategic partnerships, improve the scale effect of its anode material integration layout, and enhance brand and market influence. Additionally, the subsidiary will work with the local government to guide high-quality enterprises to jointly build an R&D center and promote the establishment of a northern headquarters for Fujian Keda New Energy.
Read sourceKeda Manufacturing Subsidiary Plans $6.3 Billion Graphite Anode Project in Inner Mongolia
Keda Manufacturing Co., Ltd. announced on September 21 that its subsidiary, Fujian Keda New Energy Technology Co., Ltd., has signed an investment cooperation agreement with the Tumd Right Banner People's Government. The project involves an investment of approximately 4.5 billion yuan (about $630 million) to build a 500,000-ton-per-year integrated graphite anode material production facility in the Baotou Tuyou New Industrial Park. The subsidiary will also collaborate to establish the Fujian Keda New Energy Inner Mongolia Technology R&D Center and will consider building a northern headquarters for Fujian Keda New Energy in the future. The company stated that the investment will be funded through its own capital and loans from commercial banks or financial institutions, and that it will not have a material adverse impact on the company's financial and operational conditions, nor harm the interests of the company, shareholders, or minority shareholders.
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Keda Industrial subsidiary plans 4.5 billion yuan graphite anode material project in Inner Mongolia
Keda Industrial Co., Ltd. announced on September 21 that its subsidiary, Fujian Keda New Energy Technology Co., Ltd., has signed an investment cooperation agreement with the Tumd Right Banner People's Government. The project involves building a 500,000-ton-per-year graphite anode material integrated production facility in the Baotou Tumd Right New Industrial Park, with a total investment of approximately 4.5 billion yuan. The company stated that the project aims to collaboratively guide high-quality enterprises in the supply chain to establish the Fujian Keda New Energy Inner Mongolia Science and Technology R&D Center and, in due course, promote the construction of Fujian Keda New Energy's northern headquarters. Keda Industrial noted that the investment funds will come from the company's and its subsidiaries' own funds, as well as loans from commercial banks or financial institutions, and that the investment will not have a material adverse impact on the company's financial and operating conditions, nor harm the interests of the company, shareholders, particularly small and medium shareholders.
Keda Industrial Plans $6.3 Billion Investment in 500,000-Ton Graphite Anode Plant
Keda Industrial (600499.SH) announced on September 21 that its subsidiary, Fujian Keda New Energy, plans to sign an investment cooperation agreement with the government of Tumd Right Banner to build a 500,000-ton-per-year integrated graphite anode material project. The total investment is approximately 4.5 billion yuan (about $6.3 billion). The company stated that this investment aligns with its lithium battery materials business strategy and will help it seize market opportunities and expand its business scale. The project is part of Keda's expansion in the electric vehicle battery supply chain.
Keda Manufacturing Plans 4.5 Billion Yuan Graphite Anode Material Project
Keda Manufacturing (600499) announced on September 21 that its controlled subsidiary, Fujian Keda New Energy Technology Co., Ltd., plans to invest approximately 4.5 billion yuan (including working capital) to build an annual 500,000-ton graphite anode material integrated project in the Tuyou New Industrial Park in Baotou, Inner Mongolia. The project aims to further improve the company's anode material integrated layout to achieve economies of scale. The company also intends to collaborate with high-quality enterprises in the industrial chain to build the Fujian Keda New Energy Inner Mongolia Science and Technology R&D Center, and will promote the construction of the northern headquarters of Fujian Keda New Energy in due course.
Read sourceKeda Manufacturing plans 4.5 billion yuan investment for 500,000-ton graphite anode material project
Keda Manufacturing (600499.SH) announced on September 21 that its subsidiary Fujian Keda New Energy Technology Co., Ltd. plans to invest approximately 4.5 billion yuan (including working capital) to build a 500,000-ton-per-year graphite anode material integrated project in the Tuyou New Industrial Park in Baotou, Inner Mongolia. The company stated that the investment aims to seize opportunities from the rapid growth of global electrification and the energy storage market, implement its lithium battery materials strategy, and meet the rising demand for new energy and anode materials. The project will also involve collaborating with core customers to deepen strategic partnerships, improve the integrated layout of anode materials to achieve economies of scale, and enhance the brand and market influence of Keda's anode materials. Additionally, the company plans to guide high-quality enterprises in the industrial chain to jointly build an R&D center and promote the establishment of a northern headquarters for Fujian Keda New Energy.
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