Electrification & Mobility2
Shanghai Xiba Plans to Introduce Jinyun Litai to Keyuan Guneng and Invest 100 Million Yuan in Solid-State Battery Project
Shanghai Xiba announced that its controlled subsidiary Keyuan Guneng will introduce investor Jinyun Litai through a targeted capital increase, with the latter planning to contribute 40 million yuan to subscribe to Keyuan Guneng's newly increased registered capital. Meanwhile, the company plans to implement a 0.5 GWh solid-liquid hybrid battery cell and 500 tonnes per year solid-state electrolyte powder industrialization project in Jinyun County, Zhejiang Province, through a wholly-owned subsidiary of Keyuan Guneng, with a planned investment of 100 million yuan.