Shenzhen-listed Zhejiang Weiming Environment Protection announced an update on a joint venture project to construct 200,000 tonnes/year high-nickel ternary cathode materials.
According to its announcement released on 4 August, the total investment for this project will not exceed CNY 19.1 billion ($2.82 billion), of which CNY 11.5 billion will be used for the project construction. Zhejiang Weiming Environment Protection will use no more than CNY 3.45 billion…
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