Jiangsu Cathay Pacific announced that Ruitai Xincai, the company's holding subsidiary, and Huarong Chemical, its holding subsidiary, plan to jointly invest in the construction of an annual lithium-ion battery electrolyte project with an annual capacity of 260000 tons, with a total investment of 1.146 billion yuan. Subordinate company Ningde Huarong plans to invest in the construction of an annual lithium-ion battery electrolyte project with an annual output of 400000 tons, with a total investment of 1.538 billion yuan. Huarong Chemical plans to increase its investment in Ningde Huarong with its own or self-raised capital of 500 million yuan at the price of 1 yuan per yuan.
江苏国泰：投建年产26万吨锂离子电池电解液项目 总投资11.46亿元
Jiangsu Cathay Pacific: the total investment of the project with an annual output of 260000 tons of lithium-ion battery electrolyte is 1.146 billion yuan.
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