Invest nearly 2 billion! Longpan Science and Technology plans to build 240000 tons of high pressure lithium iron phosphate production base and R & D center

On the evening of January

4, Longpan Science and Technology announced that its holding subsidiary intends to invest no more than 2 billion yuan in the construction of a research and development center and a production base with an annual output of 240000 tons of high-pressure lithium iron phosphate in Jintan, Jiangsu Province.

(hereinafter referred to as "Changzhou Lithium Source") intends to sign the "High Performance Lithium Battery Cathode Material Project Cooperation Agreement" and "High Performance Lithium Battery Cathode Material Project Cooperation" with the Management Committee of Jintan Hualuogeng High-tech Industrial Development Zone, Jiangsu Province. The project is planned to be invested by Liyuan (Jiangsu) Technology Co., Ltd., a wholly-owned subsidiary of Changzhou Liyuan, in the Hualuogeng High-tech Industrial Development Zone in Jintan, Jiangsu Province, to build a research and development center and a production base with an annual output of 240000 tons of high-pressure solid lithium iron phosphate. The total investment of the project plan is not more than 2 billion yuan , the specific investment amount is subject to the actual investment, and the source of funds is the company's own funds or self-financing funds.

The production base will be implemented in two phases, of which the first phase is planned to build 120000 tons, and Changzhou Lithium Source will start the second phase of the project in time according to market conditions.