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Lidao New Material announced a Yuan 280 million investment through its subsidiary Lidao New Energy (Anhui) to build a new battery aluminum foil expansion project, primarily for equipment and plant construction, to meet demand from EV and energy storage sectors.
“The total investment in the project is approximately Yuan 280 million, primarily used for equipment procurement and plant construction.”mysteel.net
Summarized from public sources; check the original articles before acting on it.