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China to build $1bn lithium battery plant in Oman
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China to build $1bn lithium battery plant in Oman
China-listed Zhongke Electric plans to invest CNY8 billion ($1.1 billion) in a lithium battery material manufacturing facility in Oman, according to a local media report. The plant will be located in the Sohar Port and Freezone and will be built in two phases, according to Yicai Global, the English-language news service of state-backed Shanghai Media Group, citing a company statement. Each of the phases, which will take 36 months to complete, wi…
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