Hunan Yuneng plans to build lithium battery materials project

Sinochem News Network News on June 26, Xiangtan Electrochemical issued an announcement that Hunan Yuneng New Energy Battery Materials Co.
, Ltd.
, the company's shareholding company, will soon build lithium battery materials projects in Fuquan City, Guizhou Province and Anning City, Yunnan Province
.

It is understood that the project in Fuquan City, Guizhou Province is expected to have a total investment of 7 billion yuan, and the construction scale is an annual output of 300,000 tons of iron phosphate and 300,000 tons of lithium iron phosphate; the project in Anning City, Yunnan Province is expected to have a total investment of 10 billion yuan.
The construction scale is an annual output of 350,000 tons of iron phosphate and 350,000 tons of lithium iron phosphate
.

Hunan Yuneng said that with the advantages of higher safety performance and lower cost, the market share of lithium iron phosphate batteries is increasing, which drives the continuous growth of the demand for the upstream raw material lithium iron phosphate
.