Guoxuan Hi-Tech Compaction Power Battery and New Energy Vehicle Project

Guoxuan Hi-Tech issued an announcement on November 22 stating that the company intends to raise 3.6 billion yuan in online pricing and issuance for the new-generation power lithium battery industry and new energy vehicle projects.

Guoxuan Hi-Tech said that the estimated amount of funds raised(including issuance costs) is not more than 3.6 billion yuan. After deducting the issue fee, The net funds raised will be used for the industrialization of new-generation high-specific energy lithium batteries, high-nickel ternary positive materials and silicon-based negative materials, new energy vehicle charging facilities and key parts construction projects, new energy automotive power assembly control system industrialization projects and engineering research institute construction projects. Will further consolidate the company's market position, enhance the company's core competitiveness, meet the market demand, will further enhance the company's profitability and scale.

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