Shenzhen Kedali Industry (SHE:002850) shares were up 2% in recent trade as the company plans to invest up to 50 million euros to build the Phase III project for precision structural components for power batteries in Hungary.
The project, managed by local subsidiary Kedali Hungary, is expected to take about 24 months to complete, according to a June 21 filing with the Shenzhen bourse.
At full capacity, the facility is expected to generate 100 million euros in annual output.
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