B · Normal
[Guoxuan Hi-Tech: Plans to jointly invest in battery and material projects in Europe and Africa with Volkswagen Group] On September 28, Guoxuan Hi-Tech (002074.SZ) announced that the company and its wholly-owned subsidiaries are planning to jointly invest with Volkswagen Group and its subsidiaries. Signed an "Investment Agreement" to form three joint ventures in Spain, Slovakia and Morocco to invest in the construction of lithium battery and cathode material production bases. The total project investment is expected to be approximately 3.222 billion euros, of which China Xuanfang will invest approximately 1.598 billion euros. This investment constitutes a related transaction and needs to be submitted to the shareholders' meeting for review.
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