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Hunan Yuneng Raises Spain Lithium Battery Cathode Project Investment to 1.65 Billion Yuan, Capacity to 70,000 Tons
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On September 23, 2026, Hunan Yuneng (湖南裕能) announced an increase in investment for its Spanish lithium battery cathode material project. The company's second board of directors meeting approved raising the total investment from approximately 982 million yuan to about 1.65 billion yuan (subject to actual investment). The project's annual production capacity will be expanded from 50,000 tons to 70,000 tons of lithium battery cathode materials. The initial investment plan was approved on April 18, 2024, and the revised plan was approved on September 23, 2026. Management has been authorized to handle all specific matters related to the investment scale adjustment.
Source report
September 23, 2024 — Hunan Yuneng (stock code: 300358) announced today that it has approved an increase in investment for its lithium battery cathode material project in Spain.
The company's second board of directors held its 25th meeting on September 23, 2024, and passed a resolution to adjust the investment scale for the Spanish project. Key details include:
- Original plan (approved April 18, 2024): Establish a project company in Spain with an investment of approximately RMB 982 million to build a production facility with an annual capacity of 50,000 tonnes of lithium battery cathode materials.
- Revised plan (approved September 23, 2024): Expand the annual production capacity to 70,000 tonnes, with the total investment adjusted to approximately RMB 1.65 billion (subject to actual investment).
The board has authorized management to handle all specific matters related to the investment scale adjustment.
Note: The final investment amount will be based on actual expenditures.
Source
金十数据Neutral / independent
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Hunan Yuneng raises Spain lithium cathode project investment to 1.65 billion yuan