On June 12, the board of directors of Zhongke Electric considered and approved the Bill on Terminating Some Foreign Investment Projects, which proposed to terminate three suspended lithium battery anode material integration projects with a total planned annual capacity of 330000 tons and a total planned investment of about 10.3 billion yuan.
Including Ganmei Industrial Park with an annual output of 130000 tons of lithium battery anode materials, Lanzhou New Area with an annual output of 100000 tons of lithium battery anode materials, and Morocco with an annual output of 100000 tons of lithium battery anode materials.
At present, only part of the preparatory work has been carried out, and no substantive construction has been carried out, nor has it been put into operation.
As for the reasons for termination, Zhongke Electric said in the announcement that in the process of promoting the above-mentioned investment projects, the conditions for project implementation have changed objectively, and the company has suspended the implementation of related projects from the perspective of reducing investment risks.
At the same time, Zhongke Electric said that the company will concentrate on actively and steadily promoting Luzhou's annual output of 300000 tons of lithium-ion battery anode material integration project and overseas Oman lithium-ion battery anode material integration base project.
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