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CATL Plans to Invest RMB30B to Establish New Energy Mineral Sector Mgmt Platform
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In order to further extend into upstream key raw material segment, CATL (03750.HK)(300750.SZ) planned to invest in the establishment of a wholly-owned subsidiary, Times Resources Group (literal translation of "時代資源集團"), as a professional investment, operation and management platform in the new energy mineral sector, with a proposed registered capital of RMB30 billion, as announced by CATL. The platform will focus on the company's battery industry layout and demand, integrate its existing mining-related assets, and actively expand high-quality mineral resource projects at home and abroad to safeguard raw material supply for its core business and ensure industrial chain security. Auto-translated by AI AASTOCKS Financial News |
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