On September 24, Huasheng lithium battery announced that the company plans to invest 39.999999 million yuan in Jiangsu pushida Environmental Protection Technology Co., Ltd. through its own funds, subscribe for the shares issued by purshida at the price of 6.50 yuan per share.

After this investment, Huasheng lithium battery will directly hold 6.1538 million shares of pushida, with a shareholding ratio of 14.68 percent.

Huasheng lithium battery said that this investment aims to seize the demand of new energy vehicles for high-capacity anode materials and energy storage market the opportunity of rapid development will further improve the industrial layout of the company in the field of new cathode materials for lithium batteries, integrate the advantageous resources of the company and Pu Shida in the field of silicon-carbon anode, and strengthen the integration of the upstream and downstream of the industrial chain.

According to reports, the main business of pushida, which intends to invest in this investment, is the research and development, production and sales of high-performance activated carbon, hard charcoal, silicon carbon precursor porous carbon and other products.