Keda Industrial to build 500ktpy graphite anode integrated project

Keda Industrial Group announced on September 21 that, in a bid to further advance its integrated anode materials layout and achieve economies of scale, its controlled subsidiary Fujian Keda New Energy Technology Co., Ltd. plans to invest approximately RMB4.5 billion (USD672.09 million), including working capital, to build a 500,000tpy graphite anode integrated project in the Tuyou New Industrial Park in Baotou, Inner Mongolia.

The company will also work with high-quality enterprises across the industrial chain to jointly establish the Fujian Keda New Energy Inner Mongolia Technology R&D Center, and will advance the construction of Fujian Keda New Energy's northern headquarters in due course.