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09 Aug
07:17

Farasis Energy ditches Wuhu-based battery project

Shanghai-listed battery firm Farasis Energy recently announced an adjustment in the use of its raised funds, in a security filing seen by Kallanish. According to the company’s announcement, it plans to change the use of about CNY 2.65 billion ($368.07 million) of the balance of its raised funds.  The originally planned Wuhu-based high-performance power lithium battery project will be terminated. Instead, the funds will be allocated to the Ganzhou-based…
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