Honeycomb Energy's Yancheng project received a syndicated loan of RMB 8.4 billion

Honeycomb Energy Technology (Yancheng) Co., Ltd. successfully obtained a 7.73 billion yuan syndicated loan and 600 million yuan industrial fund support for the construction of the Yancheng project. The syndicate is composed of several banks including Bank of China, and the industrial fund was initiated by Industrial Bank. The Yancheng project of Honeycomb Energy is an important part of the company's strategic layout, which will promote the company's accelerated construction and the high-quality development of Yancheng's lithium battery industry.