China's Putailai to Invest USD297 Million in New Lithium Battery Materials Plant in Malaysia
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Chinese battery materials manufacturer Putailai New Energy Technology will invest USD297 million to establish a new lithium battery anode materials plant in Gurun, Kedah, Malaysia. The facility will have an annual capacity of 50,000 tons and construction is set to begin after regulatory approval, lasting two years. This project aims to meet the growing demand from overseas customers and enhance integration into the global supply chain. Putailai's shares fell 1.4% to CNY29.23 amid this announcement.
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