Jiangsu Lidao New Material's subsidiary plans to expand its production capacity of battery aluminum foil to meet downstream market demand.
Announcement of Li Island New Materials (603937.SH): The company's wholly-owned subsidiary, Li Island New Energy (Anhui) Co., Ltd. (referred to as "Anhui Li Island"), plans to build a new battery aluminum foil expansion project, with an investment of approximately 280 million yuan, mainly for the purchase of equipment, factory construction, etc. After the project expansion, the production capacity of battery aluminum foil will be increased, effectively meeting the growing order demand from downstream power battery and energy storage customers, and enhancing customer stickiness and supply chain stability.
Jiangsu Lidao New Material (603937.SH) announced that its wholly-owned subsidiary, Lidl New Energy (Anhui) Co., Ltd. (referred to as "Anhui Lidao"), plans to construct a new battery aluminum foil expansion project with an investment of approximately 280 million yuan, mainly for the purchase of equipment, factory construction, etc. The expansion project will increase the supply capacity of battery aluminum foil, effectively meeting the growing order demand from downstream power battery and energy storage customers, and enhancing customer stickiness and supply chain stability.
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