Technology Sep 28, 2021 07:46 PM (GMT+8) · EqualOcean
Cailian, September 28 (Xinhua) -- Tianci materials announced that the company plans to establish a wholly-owned subsidiary to invest in the construction of the "lithium ion battery material project with an annual output of 41000 tons (phase I)". The total investment of the phase I project is 935 million yuan and the construction period is 24 months. Vinyl carbonate (VC), the main product of phase I of the project, is an important additive for the production of lithium battery electrolyte and one of the mature products of the company. With the outbreak of downstream demand for new energy vehicles, the demand for additive VC has continued to increase since this year.
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