China’s leading battery maker Sunwoda invests $2.4 bil in upstream lithium projects

China’s leading lithium battery maker Sunwoda Electronic said Dec. 8 it will invest at least Yuan 16.5 billion ($2.4 billion) to build a 50,000 mt/year lithium carbonate project in the Yichun city of Jiangxi province, a move that would help it secure upstream resource supply and lower its production costs. The project will also involve building a 50 GWh recycling…

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