This article comes from: Battery Replacement Blog
China Nanyang Technological will be associated with Shao Yi Xing to launch a 30 million yuan joint venture Zhejiang tai yang lithium battery materials Co., Ltd., which Nanyang intends to own capital invested 25.5 million yuan, 85% stake; Shao Yi Xing in cash 4.5 million yuan, 15% stake.
The notice shows that the business scope of subsidiary is lithium ion cell separator and lithium-ion batteries other materials. After founded, to set an annual capacity 15 million square meters lithium-ion batteries project, with a total investment of 100 million yuan. The the project completion, the annual sales income will up to 120 million yuan, average annual net profit 25 million yuan, the project construction period is 1.5 years.
Nanyang Technology said the joint venture aims to give full play to its advantages for the future development of space, bigger and stronger core business and improve the company’s investment value, better return of all investors. The new industries of strategic investment in line with national policy guidance and strategic direction of the Company, it is expected to bring good economic benefits.
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