Chinese cathode and anode producer, BTR, this week listed on the National Equities Exchange as the company looked to raise capital to fund its latest expansions plans. In June, the company had announced its intentions to pursue an IPO to raise $204 million (RMB 1.4 billion) to fund the construction of a 15,000 tpa high nickel cathode project and a 40,000 tpa anode project, both to be situated in Huizhou, Guangdong province.
The plans are the latest in a series of expansions that has seen BTR establish itself as one of China’s leading advanced battery material . . .