Shanghai Xiba has made an announcement stating that its holding subsidiary, Keyuan Guneng, is set to welcome investor Jinyun Litai via a targeted capital increase. Jinyun Litai plans to inject 40 million yuan to acquire an additional registered capital of 833,333 yuan, with the premium amount being allocated to the capital reserve. Concurrently, Shanghai Xiba intends to channel 100 million yuan through Keyuan Guneng's wholly-owned subsidiary, located in Jinyun County, Zhejiang Province, towards the establishment of a 0.5GWh solid-liquid hybrid cell and a 500 tons/year solid-state electrolyte powder industrialization project. The construction of this project is expected to span over a period of 2 years.
