Dec 14, 2021 03:59 PM (GMT+8) · EqualOcean
Financial Associated Press, Dec. 14 - Xiamen tungsten Xinneng announced that it plans to invest in the 30000 ton lithium ion battery cathode material expansion project in Haijing base 9# workshop, with an investment amount of 990 million yuan. The company plans to establish Ya'an Xia tungsten new energy materials Co., Ltd. in a joint venture with Yahua lithium industry and cangya investment, and invest in the construction of a production line with an annual output of 100000 tons of lithium iron phosphate by stages. The registered capital of the joint venture is 500 million yuan and the total investment of the project is 930 million yuan.