On February 16, Shenzhen Fluence Technology Plc(300647) (300647, SZ) held an extraordinary general meeting of shareholders, which deliberated and approved the proposal on the proposed investment in the construction of lithium battery cathode key material production base and the signing of investment agreement.
According to the proposal, Shenzhen Fluence Technology Plc(300647) will invest 5 billion yuan in the next four years to increase the size of lithium battery materials, build a production line for waste lithium batteries and electrode materials with an annual processing capacity of 45000 tons of metal, 60000 tons of precursors, 20000 tons of lithium carbonate and 20000 tons of cathode materials.
According to the performance forecast for 2021, Shenzhen Fluence Technology Plc(300647) had its first loss in ten years, and the expected net loss is RMB 127.5 million to RMB 172.5 million.
