Brief: Chiho Environmental Group Says Invests In New End-Of-Life Vehicle, EV Battery Recycling Facilities
05/11/2021 10:32
Nov 5 (Reuters) - Chiho Environmental Group Ltd 0976.HK :
* CHIHO ENVIRONMENTAL GROUP ANNOUNCES INVESTMENT IN NEW
END-OF-LIFE VEHICLE AND ELECTRIC VEHICLE BATTERY RECYCLING
FACILITIES
* APPROVED ESTABLISHMENT OF A UNIT WHICH WILL SPECIALISE IN
RECYCLING OF END-OF-LIFE VEHICLE & EV BATTERIES
* TOTAL EXPECTED INVESTMENT CAPITAL FOR PROJECT WILL BE
RMB243
MILLION
* RECYCLING FACILITY DESIGNED TO PROCESS UP TO 50,000 ELVS &
10,000 TONNES OF EV BATTERIES PER YEAR
Source text for Eikon: ID:
Further company coverage: 0976.HK
(Reuters.Briefs@thomsonreuters.com)
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