REPT BATTERO invested 50 million RMB to acquire nearly 10.9% of the battery materials manufacturer

REPT BATTERO (00666.HK) announced related transactions, acquiring a 10.8696% equity stake in Fuan Guolong Nano Materials through equity transfer and capital increase, with a total price of 50 million RMB, to be paid with its own funds.

Fuan Guolong Nano Materials is mainly engaged in the research and production of battery materials, using a new production line with a one-step joint sintering process to prepare high-pressure solid lithium iron phosphate cathode materials. The fourth generation of high-pressure solid lithium iron phosphate cathode materials has been in mass production for one year, with a planned mass production of 15,000 tons by November 2025