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Keda Industrial Plans 4.5B Yuan Investment for 500,000-Ton Graphite Anode Project
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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.
Source report
September 21 — Keda Manufacturing (600499.SH) announced that its subsidiary, Fujian Keda New Energy, plans to sign an investment cooperation agreement with the Tumd Right Banner People's Government to build an integrated project for the production of 500,000 tonnes of graphite anode materials annually.
The total investment for the project is approximately 4.5 billion yuan.
According to the company, this investment aligns with its strategic development in the lithium battery materials sector and is expected to help the company seize market opportunities and expand its business scale.
Source
财联社Eastern
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Keda Manufacturing subsidiary plans 4.5 billion yuan graphite anode plant in Inner Mongolia