Guoxuan High-Tech: Announces 4 Billion Yuan Investment in 20GWh Smart Manufacturing Facility for New-Type Lithium-Ion Batteries in Nanjing
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Author:小编   

Guoxuan High-Tech has unveiled plans to invest up to 4 billion yuan in the establishment of a 20GWh smart manufacturing base for advanced lithium-ion batteries within the Liuhe Economic Development Zone in Nanjing. This ambitious project will be executed by its subsidiary, Jiangsu Guoxuan. While this substantial investment will inevitably lead to increased capital expenditures and cash outflows, it is strategically aligned with the company's long-term business expansion and anticipated performance enhancement.