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Narada to invest in Li battery recycling

Mon, 11/13/2017 - 10:19 -- Xuan Zhong
Narada to invest in Li battery recycling

The board of Chinese battery maker Narada Power has given the green light for plans to launch a commercial lithium-ion batteries and “new energy materials” recycling subsidiary.

The new business— Anhui Narada Huabo New Material and Technology Co., Ltd. (ANHNMT)— will be wholly owned by Narada and receive an initial cash injection of CNY100 million ($15m).

 

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