Shida Shenghua (603026.SH) subsidiary plans to invest in the construction of a 230,000 tons/year liquid lithium salt project.

Zhitong Finance APP reported that Shida Shenghua (603026.SH) announced that its wholly-owned subsidiary Shenghua New Energy Technology (Dongying) Co., Ltd. plans to invest in the construction of a 230,000 tons/year lithium salt project. The total estimated investment for the project is 1.9 billion yuan, with 1.797 billion yuan approved for investment and 1.774 billion yuan allocated for construction. The project will be located at No. 198 Tongxing Road, Kenli District, Dongying City, Shandong Province, with a construction period of 24 months.