1.2 billion! Another major project of Tianci Materials started

On the morning of December 17, Tianci's annual output of 200,000 tons of lithium battery electrolyte and 100,000 tons of lithium battery recycling project with a total investment of 1.
2 billion yuan officially started construction in Zhuxi New Material Cluster, Xinhui District, Jiangmen City
, Guangdong Province.

On July 20 this year, Tianci Materials signed a contract to settle in Jiangmen Xinhui District with an annual output of 200,000 tons of lithium battery electrolyte and 100,000 tons of lithium battery recycling project, realizing "signing and auctioning land", with a total planned investment of 1.
2 billion yuan and an annual output value of 5.
7 billion yuan
after being put into operation.

It is worth mentioning that on December 27, 2021, Tianci Materials announced that the company intends to invest in the construction of a "lithium battery electrolyte project with an annual output of 200,000 tons" through the establishment of a wholly-owned subsidiary, Zhaoqing Tianci High-tech Materials Co.
, Ltd.
, with a total investment of RMB 820 million
.

On June 1 this year, Tianci Materials issued another announcement that due to the failure of the relevant land scale of Zhaoqing Tianci location to meet the company's future electrolyte capacity planning needs, in order to promote project construction as soon as possible, the company will set up a wholly-owned subsidiary Jiangmen Tianci High-tech Materials Co.
, Ltd.
in Jiangmen, Guangdong, to use self-financing funds to invest in the construction of "200,000 tons of lithium-ion battery electrolyte project and 100,000 tons of lithium-ion battery recycling project", and terminate the establishment of a wholly-owned subsidiary Zhaoqing Tianci investment and construction" Annual output of 200,000 tons of lithium battery electrolyte project"
.

Tianci Materials said that the implementation of the Jiangmen project will further strengthen the strategic layout of the company's lithium-ion battery material electrolyte and lithium iron phosphate recycling industry chain, and can effectively solve the company's future regional capacity supply problem
.
After the completion of the project construction, it will meet the company's future business development and market expansion needs in South China, achieve the purpose of "nearby supply" to key customers, improve the response speed to key customers in South China, and further get closer to the terminal market
.
At the same time, it is conducive to continuously strengthening the company's advantages
in raw material transportation costs, supply cycles, quality assurance and other aspects.

It is understood that Tianci Materials is the main supplier of lithium battery electrolyte of China Innovation Aviation, and the project settled in Jiangmen Xinhui is mainly to support China Innovation Aviation
.
It is reported that on January 26, the Jiangmen Municipal People's Government and China Innovation Aviation signed a project investment cooperation agreement, and China Innovation Aviation's 50GWh power battery production base settled in Jiangmen City
.