China BAK Asia Holdings signs framework investment agreement with Jiangsu Gaochun Economic Development Zone Development Group Company.
International Resource News-June 30, 2020--China BAK Asia Holdings signs framework investment agreement with Jiangsu Gaochun Economic Development Zone Development Group Company
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International Resource News - 30 June 2020
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China BAK Asia Holdings Limited, a wholly owned subsidiary of CBAK Energy Technology Inc. (NASDAQ: CBAT), has signed a framework investment agreement with Jiangsu Gaochun Economic Development Zone Development Group Company.
The contract is intended to allow China BAK Asia Holdings Limited to develop certain lithium battery projects with a production capacity of 8Gwh, and Gaochun Economic Development Zone Development Group Company has agreed to offer its support, including but not limited to subsidies, preferential financing support and tax incentives, to facilitate the...
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