On May 26, Tianzhi Material announced that the company intends to build a project with an annual output of 160000 tons of high-pressure lithium iron phosphate in Taizhou, Zhejiang Province through Taizhou Tianzhi.
The announcement shows that the total investment of the project is not expected to exceed 2.1 billion yuan, and the construction site is located in the circular economy industrial agglomeration area of Taizhou Bay, Zhejiang Province.
Tianzhi Material said that through the implementation of this project, it will further strengthen the strategic layout of the company's lithium-ion battery materials, support the production of the company's iron phosphate products, and form a comprehensive competitive advantage of iron phosphate and lithium iron phosphate cathode materials.
Benefiting from the dual demand support of new energy storage and power battery loading increment, the lithium iron phosphate market will have strong demand throughout the year in 2025, the company has sufficient orders, and the dual-base production line will maintain full production.
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