Yongzhen Co., Ltd. (603381.SH) subsidiary plans to invest RMB 597 million to build an annual production project of 60,000 tons of finished battery aluminum foil.

Zhitong Finance APP News, Yongzhen Co., Ltd. (603381.SH) announced that, in order to fully leverage the company's accumulated process technology and quality management capabilities in the aluminum processing field, as well as the long-term, stable customer resources the company has established with leading downstream battery enterprises, and to seize the growing market demand for downstream power batteries, energy storage batteries, consumer batteries, and sodium-ion batteries, the company plans to invest in and construct a "60,000-ton-per-year finished battery aluminum foil project."