# Lidao New Material invests Yuan 280M in battery aluminum foil expansion

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.

- Type: Expansion
- Announced: 2026-03-17
- Where: Anhui, China, China
- Value: $39.0M (280.0M CNY)
- Status: announced
- Products: battery aluminum foil
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Lidao New Material](https://endata.com/companies/90904.md)
- [Lidao New Energy (Anhui)](https://endata.com/companies/90905.md)

## Sources

- [mysteel.net](https://www.mysteel.net/news/5116278-flash-lidao-new-material-invests-yuan-280-million-in-the-battery-aluminum-foil-expansion-project), 2026-03-18: "The total investment in the project is approximately Yuan 280 million, primarily used for equipment procurement and plant construction."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.