Nearly 1 billion yuan! Another listed company builds a factory overseas

2025-07-25View Original

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On July 22, Hunan Yueneng announced its intention to establish a new investment company in Singapore, which in turn will set up a project company in Malaysia to invest in the construction of a facility capable of producing 90,000 tons per year of lithium battery cathode materials. The total investment for this project is approximately 560 million Malaysian ringgit (about 950 million yuan), with a construction period of 15 months. The announcement states that this investment in the project will enable better support for new energy battery manufacturers in regions such as ASEAN, help reduce the risks associated with international trade tensions, facilitate an expansion of production capacity, increase global market share, and enhance the company’s overall competitiveness.

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Nearly 1 billion yuan! Another listed company builds a factory overseas

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