Zhongke Electric: Plans to invest no more than 8 billion yuan to build an integrated base project for lithium-ion battery negative electrode materials.

China Electric Power announced that the company plans to invest in the establishment of a subsidiary, Zhongke Xingcheng Holdings Limited, in Hong Kong through its holding subsidiary Hunan Zhongke Xingcheng Graphite Co., Ltd., to implement the construction of a project company in Oman with an annual production capacity of 200,000 tons of lithium-ion battery negative electrode materials. The total planned investment amount for the project is not more than 8 billion yuan, and it will be constructed in two phases, with each phase expected to take 36 months. The funding sources are self-owned funds and financing. The project is in line with the company's strategic development plan, conducive to the company's improvement in overseas production capacity layout, effectively meeting downstream customer needs and overseas market expansion, and has a positive impact on the company's global business layout and operational performance.