On November 25, Fengyuan also disclosed that it signed the investment cooperation agreement on "lithium ion battery cathode material production base project" with the Taierzhuang city, Shandong Province, with a total investment of no more than 3 billion RMB to build a lithium ion battery cathode material project with an annual output of 75000 tons. It is reported that the lithium ion battery cathode material production base project plans to cover a total area of 22 hectare, and the construction will be completed within 24 months from the commencement of construction.
Shandong Fengyuan Chemical said that this investment cooperation agreement will help to improve the production capacity of cathode materials, further enhance market influence, expand market share and reduce production costs. If the project under this agreement is successfully implemented, it will have a certain impact on the company's future business performance.
In the previous institutional exchange, Fengyuan executives said that the production capacity of ternary cathode materials in Zaozhuang headquarters base of the company is planned to be 15000 tons, including 5000 tons of conventional ternary cathode materials and 10000 tons of high nickel ternary cathode materials. Since October 2021, the conventional ternary has been gradually put into mass production, and the high nickel ternary 2000 ton production demonstration line has been in the stage of trial production and operation. The construction of surplus capacity will be promoted according to the construction plan of raised investment projects.
In August, Fengyuan lithium energy also signed an investment cooperation agreement with the Management Committee of Anqing Economic Development Zone. It plans to invest in the local construction of a production base of lithium iron phosphate cathode materials for lithium batteries with an annual output of 50000 tons, including an investment of 400 million yuan in phase I and no more than 600 million yuan in phase II.
Zhao Guanghui, chairman of Fengyuan shares, said at an investor exchange recently that the company has gradually formed a double main business structure dominated by oxalic acid chemical industry and new energy lithium battery cathode material industry. The company has a total capacity of 100000 tons / year; Anqing base of the company currently plans to have a capacity of 50000 tons of lithium iron phosphate. Anqing subsidiary is implementing relevant preparations for early land bidding, auction and listing, equipment selection and procurement, personnel setting and other matters.
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