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08 Jun
11:21

EVE to raise funds for EV battery projects

Shenzhen-listed battery company EVE Energy announced plans to raise CNY 9 billion ($1.35 billion) through a non-public offering of ordinary A-share stocks, and after deducting transactional expenses, the fund will mainly be used for its two passenger car lithium-ion power battery projects and the CNY 3 billion supplementary working capital.  According to its announcement released on 8 June, the two projects will both be established in Jingmen City, …
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