Chuanneng Power Yiwei Lithium Energy Honeycomb Energy Co-constructs Lithium Salt Project

　　Sinochem News News on June 13, Chuanneng Power announced that the company, Yiwei Lithium Energy and Honeycomb Energy intend to establish Sichuan Energy Investment De'A Lithium Industry Co.
, Ltd.
to jointly build a lithium salt with an annual output of 30,000 tons.
item
.

　　A new joint venture company was established in Deyang-Aba Ecological Economic Industrial Park with a registered capital of 750 million yuan
.
Among them, Chuanneng Power contributed 383 million yuan, with a shareholding ratio of 51%, and was the controlling shareholder of the joint venture; Yiwei Lithium Energy invested 184 million yuan, with a shareholding ratio of 24.
5%; Honeycomb Energy invested 184 million yuan, with a shareholding ratio of 24.
5%.
24.
5%
.

　　The announcement shows that the annual output of 30,000 tons of lithium salt projects jointly built by the three parties includes an annual output of 15,000 tons of battery-grade lithium hydroxide and an annual output of 15,000 tons of battery-grade lithium carbonate production lines, with a total investment of 1.
491 billion yuan and a construction period of 2 years.

.

　　Chuaneng Power believes that this foreign investment aims to give full play to and utilize the capital and resource advantages of all parties to deepen cooperation in the lithium battery industry, which will help the company to speed up the rapid deployment of the lithium battery industry and improve its overall profitability
.

　　Both Yiwei Lithium Energy and Honeycomb Energy are lithium battery manufacturers in the downstream of the industrial chain.
In this project cooperation, the supply of lithium salts is the focus
.