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Shanghai Xiba: Holding Subsidiary Obtains RMB 40 Million Capital Boost, Aims to Pour RMB 100 Million into Solid-State Battery Initiative
15 hour ago /
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Author：小编
Shanghai Xiba has declared that its majority-owned subsidiary, Keyuan Guneng, is set to bring in an investor, Jinyun Litai, via a tailored capital increase. Jinyun Litai will contribute RMB 40 million, with both the company and its current shareholders relinquishing their pre-emptive rights to subscribe. The proceeds from this capital increase will be earmarked for the industrialization project of 0.5GWh solid-liquid hybrid cells and 500 tons/year of solid-state electrolyte powder in Jinyun County, Lishui City, Zhejiang Province. The entire initiative is projected to entail a total investment of RMB 100 million and is expected to be completed within a two-year timeframe.
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