Why didn't Haiji New Energy Phase II go into production?

Insufficient funds. Haiji New Energy is a lithium battery manufacturer, producing automatic power supply and energy storage batteries. The second phase of Haiji New Energy was not put into production because Jiangsu Haiji New Energy Co., Ltd. was unable to maintain and manage the equipment in the second phase because of insufficient funds, so it was not put into production in order to reduce capital expenditure. Jiangsu Haiji New Energy Co., Ltd. was established in April 20 16.