Kunlun New Materials plans to raise funds to expand production capacity

Kunlun New Materials plans to raise RMB 1 billion in its initial public offering (IPO) to expand its lithium-ion battery electrolyte project with an annual output of 240,000 tons. The total investment in the project is RMB 1.693 billion, and the company will have an electrolyte production capacity of 300,000 tons/year after completion.