Yicheng New Energy terminates its original plan to increase its lithium battery materials and other funds

On the evening of May 6, Yicheng New Energy issued an announcement, deciding to terminate the original plan to raise funds to invest in lithium battery material production capacity and other projects. Previously, the company had planned to raise no more than 2.5 billion yuan for the lithium-ion battery negative electrode material research and production construction project (Phase II) and the annual production of 30,000 tons of high-performance lithium-ion battery negative electrode material projects.