Jiangsu Lopal Tech (SHA:603906) revised its investment plan for Indonesia's lithium iron phosphate cathode material project, according to a Thursday filing with the Shanghai Bourse.
The 12,000-ton capacity project will be split into 3,000-ton Phase I and 9,000-ton Phase II. The 3,000-ton Phase will be handled by PT LBM Energi Baru Indonesia, while the remaining 9,000-ton Phase II will be managed by a newly established subsidiary with a capital of 135 million yuan.
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