Shijiazhuang Shangtai Technology Downsizes Lithium Battery Project

MT Newswires Live

2025/01/13

Shijiazhuang Shangtai Technology (SHE:001301) scaled back its lithium battery anode material production project, reducing the annual capacity to 200,000 tons with a 4 billion yuan cost, according to a Saturday filing with the Shenzhen bourse.

The original plan to invest 12 billion yuan in a 300,000-ton annual capacity facility in Xiyang County, Shanxi Province in China, faced changes in land conditions and market competition.

The changes are pending shareholder approval.

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