Guangxi Ningfu New Energy received approval for 6.8 billion investment and will build a lithium-sodium battery project

Guangxi Ningfu New Energy Co., Ltd. recently received approval for an investment of RMB 6.8 billion to build a factory that includes a 20GWh lithium battery phase III (10GWh) project and a 5GWh sodium battery and sodium battery material project. The factory is located in Qingxiu District, Nanning City, Guangxi, and plans to use self-raised funds for construction.