Guangzhou Great Power Energy & Technology to Build Two Battery Factories for 2.3 Billion Yuan

MT Newswires Live07-23

Guangzhou Great Power Energy & Technology (SHE:300438) plans to build two battery plants in the Chahar High-tech Development Zone of Ulanqab City, Mongolia, China for a total of about 2.3 billion yuan, according to the company's disclosure on the Shenzhen Stock Exchange.

The Chinese lithium battery manufacturer will build a 10-gigawatt-hour energy storage cell factory worth 1.8 billion yuan, starting 2024 until October 2025.

A 1GWh semi-solid battery factory worth 500 million yuan will start construction in May 2025 and will be put into production in July 2026, the Sunday disclosure noted.

Price (RMB): Â¥19.47, Change: Â¥+0.15, Percent Change: +0.78%

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