Zhongke Electric invests in Oman lithium-ion battery base
Hunan Zhongke Electric (SZSE:300035) announced plans to construct an integrated lithium-ion battery negative electrode material base in Oman, with a total investment not exceeding CNY 8 billion. The project, executed through its subsidiary Zhongke Shinzoom (HK) Holdings, will establish a new entity, Zhongke Shinzoom Sohar, in Oman. Construction will occur in two phases, each with a 100,000-ton/year capacity, with each phase expected to take 36 months. This initiative aims to meet growing international demand for lithium-ion batteries, aligning with the global shift towards renewable energy and electric vehicles.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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