Is Shanghai Putailai New Energy Technology Group Co Ltd Stock Halal?

Shanghai Putailai New Energy Technology Group Co., Ltd. engages in the research, development, production and sales of lithium-ion batteries. The company is headquartered in Shanghai, Shanghai and currently employs 13,775 full-time employees. The company went IPO on 2017-11-03. The firm operates through three segments. The New Energy Battery Materials and Services segment produces anode materials (including graphitization processing and related byproducts) and separator materials (including base films, coating processes, aluminum-plastic packaging films, and other related products) for lithium batteries. The New Energy Automation Equipment and Services segment primarily produces automated process equipment for lithium battery manufacturing. The Industrial Investment, Trade Management, and Other segment primarily engages in investment and trade within the lithium battery industry chain and other material production businesses.