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Azure Lithium Core plans to invest $280 million to build a new 10GWh cylindrical lithium battery manufacturing project in Malaysia. What will happen to its development?
Azure Lithium Batteries built a new 10GWh cylindrical lithium battery manufacturing project in Malaysia, with a total investment of 280 million US dollars. This project mainly serves customers in energy storage (portable, home-side, industrial and commercial), power tools, smart travel, clean appliances and other application fields. At present, the annual production capacity of sky blue lithium-ion batteries reaches about 700 million pieces.

According to the semi-annual report released by Azure Lithium Battery, in the first half of 2022, the company realized an operating income of 3.802 billion yuan, a year-on-year increase of 23.29%; The net profit of returning to the mother was 356.5438 billion yuan, a year-on-year increase of 3.49%. During the reporting period, the company's lithium battery business achieved an operating income of about17180,000 yuan, a year-on-year increase of 4,335,438+0%.