On October 27, Hiksun disclosed its strategic initiative to allocate an investment not exceeding 630 million yuan via its fully-owned entity, Jiangsu Sipai New Energy Technology Co., Ltd. This investment will be channeled into the establishment of a production facility capable of manufacturing 200,000 tons of battery-grade ethylene carbonate (EC) annually, along with ancillary projects. The anticipated construction timeline for this project is 12 months, with the financial resources being drawn from the company's internal reserves or funds raised independently.
