Jiangsu Azure to Invest $290 Million for Lithium Battery Project in Indonesia
Jiangsu Azure (SHE:002245) will invest $290 million to build a lithium battery project in Indonesia, according to a Friday filing with the Shanghai bourse.The listed company, through a subsidiary in Hong Kong and Indonesia, will construct a cylindrical lithium battery manufacturing facility with a capacity of 5 gigawatt-hours for various types of lithium batteries.