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Ronbay Technology (688005) has declared its ambitious intention to pour 4.723 billion yuan into the establishment of a comprehensive project aimed at manufacturing 300,000 tons of sodium-ion battery cathode materials per annum in Xiantao. This monumental undertaking will be executed in three distinct phases: the inaugural phase will boast a production capacity of 50,000 tons, followed by a substantial increase to 100,000 tons in the second phase, and culminating in a staggering 150,000-ton capacity in the third phase. Notably, the groundbreaking for the first phase is slated for August 2026, with an anticipated completion date of May 2027. The financial backbone of this venture will be supported by a blend of self-raised funds, bank loans, and other self-financing avenues, contributing approximately 20%, 43%, and 37%, respectively, to the overall funding mix.
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