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Shenghua, Backed by CATL, Funds $1.2B Expansion in Lithium Material Production
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Shenghua, Backed by CATL, Funds $1.2B Expansion in Lithium Material Production
Shenghua New Material, a Chinese provider of high-quality lithium iron phosphate (LFP) cathode materials supported by a leading battery manufacturer, is planning a major expansion with a capital investment of approximately 8.7 billion RMB (around 1.2 billion USD). The company aims to increase its production capabilities with the construction of three new facilities in Ordos, located in Inner Mongolia. One of the new sites will produce up to 500,…
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