Brief: Xinyang Maojian Updates On Jointly Producing Raw Materials Of- Electrolyte For Lithium Batteries Of Electric Vehicles

China Zenith Chemical

19/01/2022 13:06

Jan 19 (Reuters) - Xinyang Maojian Group Ltd  0362.HK :
    * UPDATES ON JOINTLY PRODUCING RAW MATERIALS OF- ELECTROLYTE
FOR
LITHIUM BATTERIES OF ELECTRIC VEHICLES
    * TOTAL INVESTMENT OF PROJECT IS EXPECTED TO BE RMB200
MILLION
    * SEES JV'S FY PRODUCTION CAPACITY OF 6,600 TONNES ETHYLENE
SULFATE, PERFLUORO-TERT-BUTANOL & 1,3-CYCLOHEXANEDIONE
    * EXPECTS ANNUAL SALES REVENUE & ANNUAL PROFIT RMB3.06
BILLION &
RMB240 MILLION, RESPECTIVELY FROM LONGTUO LITHIUM BATTERIES NEW
MATERIAL


Further company coverage:  0362.HK 

 ((Reuters.Briefs@thomsonreuters.com;))