Jan 20, 2021 05:56 PM (GMT+8) · EqualOcean
Zhongwei shares announced that the company plans to set up a wholly-owned subsidiary Guangxi Zhongwei New Energy Technology Co., Ltd. with its own capital of RMB 1.5 billion, and the subsidiary Guizhou Zhongwei Recycling Co., Ltd. plans to set up a wholly-owned subsidiary Guangxi Zhongwei Recycling Technology Co., Ltd. with its own capital of RMB 500 million. The company plans to build Zhongwei Beibu Gulf Industrial Base Project in Qinzhou, mainly engaged in the development of ternary precursors, Co3O4 and other precursors, as well as the comprehensive recycling of nickel cobalt and battery materials.