Guoxuan's 5 billion yuan lithium battery cathode material project was officially put into production

On October 11, Hefei Guoxuan Hi-Tech Power Energy Co.
, Ltd.
invested 5 billion yuan to build a power lithium battery cathode material project and officially put into operation
.
It is understood that after the project is fully completed, it will achieve the goal
of annual output of 50,000 tons of lithium battery cathode materials for new energy electric vehicles.

New lithium batteries have become the power energy required for new energy
vehicles and electric vehicles.
Hefei Guoxuan High-tech Power Energy Co.
, Ltd.
is a national key high-tech enterprise specializing in the research and development, production and operation of new lithium-ion batteries and their materials, undertaking three national "863" major projects and participating in three new energy vehicle innovation projects
.

It is reported that the lithium battery cathode material project will be constructed in three phases, the first phase is an investment of 1 billion yuan, the annual output of 10,000 tons of power lithium battery cathode materials, the annual output value of about 1 billion yuan, is planned to start construction in March, and completed and put into production
in June.