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Jiangsu Guotai Discontinues Investment in 400,000-Ton Annual Lithium-Ion Battery Electrolyte Production Project
2 week ago /
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Author：小编
Jiangsu Guotai's subsidiary, Ningde Guotai Huarong New Material Co., Ltd., has decided to discontinue its project aimed at producing 400,000 tons of lithium-ion battery electrolyte annually, a venture that had yet to commence officially. The decision stems primarily from shifts in external conditions, industry environment adjustments, and challenges in capacity utilization amid intense market competition. The company emphasized that this discontinuation will not have a material adverse effect on its ongoing operations or current profitability.
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