What are shangtai technology s energy storage businesses

Who is Shijiazhuang shangtai Technology Co Ltd?

Shijiazhuang Shangtai Technology Co Ltd specializes in the research and development, production, processing and sales of lithium-ion battery anode materials and graphitized coke. The company's products are widely used in new energy electric vehicle power batteries, consumer batteries and energy storage batteries.

Why is shangtai technology investing in Malaysia?

As a leading high-tech enterprise in the field of independent R&D, integrated production, and sales of emerging lithium-ion battery anode materials, Shangtai Technology sees this investment in Malaysia as a strategic move.

Why did shangtai technology invest?

Shangtai Technology emphasized that this investment would enable the company to establish closer technical exchanges and cooperation with international partners, enhancing its technological capabilities and brand image.

Will shangtai technology invest in a lithium-ion battery production facility in Malaysia?

On October 14, Shangtai Technology officially announced its plan to invest in the construction of a production facility in Malaysia with an annual capacity of 50,000 tons of lithium-ion battery anode materials. The project will be carried out through a wholly-owned subsidiary established with either the company’s own funds or self-raised capital.

Who is Shanxi shangtai lithium technology?

Shanxi Shangtai Lithium Technology Co., Ltd., a wholly-owned subsidiary of Shangtai Tech, was established in Xiyang County, Jinzhong City, Shanxi Province.