Keda Li (002850.SZ) plans to invest up to 50 million euros in the construction of the third phase of the Hungary power battery precision structural component project.

Zhtng Cijng APP News, Kodali (002850.SZ) announced that in order to effectively expand its overseas market, the company plans to use its own funds of up to 50 million euros to invest in and construct the third phase project of precision battery components in Hungary. The project construction period is about 24 months. The project will produce precision battery components for lithium batteries (including circular, square, etc.), and after full production, it is expected to achieve an annual output value of approximately 100 million euros.