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Sep 29,2022
On the 27th of September, EVE and BTR signed the "Capital Increase Agreement" to jointly increase the capital of Sichuan BTR. It is planned to build an integrated base for lithium battery negative materials through Sichuan BTR, forming an integrated capacity of 100,000 tons of lithium battery negative materials per year.
The two parties planned to build a joint venture Lithium battery negative material integration base in Songjiaba Industrial Park, Pingshan Town, Yibin City, Sichuan Province. The implementation subject is BTR (Sichuan) New Material Technology Co., Ltd. The construction target is to form an integrated production capacity of 100,000 tons per year of lithium battery negative materials by the 30th of June in 2024.
This cooperation will fully integrate the advantageous resources of each party and deepen the cooperation between the parties in the field of the lithium battery industry. EVE enjoys the priority purchasing right for the negative materials of the joint venture company, which is conducive to continuously improving the layout of the upstream battery raw material industry chain and the stability of the supply chain. Thus, this strong cooperation will keep enhancing the core competitiveness and profitability of EVE.
