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Chinese battery group invests in billion-dollar expansion

Thu, 07/04/2019 - 16:36 -- John Shepherd
Chinese battery group invests in billion-dollar expansion

The Aviation Industry Corporation of China (AVIC) is to invest CNY10 billion (US$1.5bn) in building a new lithium battery plant in the country.

State-owned AVIC said the plant in Xiamen, in China’s southeastern Fujian Province, will have an eventual annual production capacity of 20GWh across a 570 square metre site.

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