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Ronbay New Energy Invests 4.7 Billion Yuan in Hubei Sodium-Ion Cathode Plant

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Ningbo Ronbay New Energy Technology (SHA:688005) is investing 4.72 billion yuan to build a 300,000-ton sodium-ion cathode material integrated project in Hubei, China.

The project will be developed in three phases, starting with 50,000 tons and additions of 100,000 tons in the second phase and 150,000 tons in the last phase, according to a Friday filing with the Shanghai bourse.

Construction will take 24 months.

Shares of the lithium battery electrode materials manufacturer closed 1% higher Friday.

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