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Jinlongyu (002882.SZ) has made public that its majority-owned subsidiary, Jinlongyu New Energy (Shenzhen) Co., Ltd., intends to channel 1.2 billion yuan into the Dapeng New District of Shenzhen. This investment is earmarked for the establishment of a large-scale production line project dedicated to solid-state batteries, boasting an impressive annual output capacity of 2GWh. The financial resources for this ambitious endeavor will be drawn from the company's internal reserves and funds raised independently. On January 12, the board of directors has meticulously reviewed and given its nod of approval to the investment proposal. However, it's worth noting that the final green light from the shareholders' meeting is still pending. As for the timeline, the construction phase of the project is anticipated to span 24 months.
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