Shandong Energy Zaozhuang Mining Group

Zaozhuang Xinyuanda Equipment Manufacturing Co., Ltd., a subsidiary of Shandong Energy Zaozhuang Mining Group, is investing 2 billion yuan (phase 1: 500 million yuan) to expand its mining lithium battery equipment production line in Zaozhuang, Shandong, China. The project will produce lithium battery monorail locomotives for coal mines, replacing diesel engines, and is expected to create over 500 jobs and achieve annual output value of 1 billion yuan.