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Rept Battero Energy Company Ltd Class H ( (HK:0666) ) has issued an update.
REPT BATTERO Energy Co., Ltd. announced an investment in a new battery factory in Indonesia through its subsidiary, PT REPT BATTERO INDONESIA. This initiative involves a capital increase of US$139.5 million, with the company’s stake unchanged, aimed at strengthening its presence in Southeast Asia. The factory will focus on lithium-ion battery production, with an expected annual capacity of 8GWh. This move aligns with local government policies and aims to enhance resource efficiency and sustainable growth for the company, although it carries certain uncertainties.
More about Rept Battero Energy Company Ltd Class H
REPT BATTERO Energy Co., Ltd. is a joint stock company based in the People’s Republic of China, operating in the energy sector with a focus on the development, manufacturing, and sale of lithium-ion batteries and related components.
YTD Price Performance: -8.16%
Average Trading Volume: 369,895
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: HK$23.59B
For an in-depth examination of 0666 stock, go to TipRanks’ Stock Analysis page.