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Following the plan to invest 12.
108 billion yuan in the construction of lithium iron phosphate projects in China Nuclear Titanium Dioxide, the leader in titanium dioxide, Lomon Baili, plans to invest 300 million yuan to establish a battery business subsidiary.
Titanium dioxide companies have successively entered the lithium iron phosphate market.
Following China Nuclear Titanium Dioxide's plan to invest 12.
108 billion yuan to build a lithium iron phosphate project, the leading titanium dioxide leader Lomon Baili plans to invest 300 million yuan to establish a battery business subsidiary com" href="http://">coating online coatingol.
com .
The relevant person in charge of Lomon Baili said that the newly established company will do lithium iron phosphate battery business, and the by-product ferrous sulfate of the company's production of titanium dioxide can be used as lithium iron phosphate.
Lomon Baili established a wholly-owned subsidiary Henan Baili New Energy Materials Co.
, Ltd.
(hereinafter referred to as Baili New Energy) in December last year, with a registered capital of 100 million yuan.
Its business scope includes R&D, production and sales of electronic materials, and battery manufacturing.
And sales etc.
The name of the newly established company is tentatively designated as Henan Longbai New Material Technology Co.
, Ltd.
(hereinafter referred to as Longbai New Material).
Registered in Qinbei Industrial Zone, Qinyang City, Henan Province, and its business scope includes battery manufacturing and sales, electronic special materials research and development, manufacturing and sales, and recycling of waste power batteries for new energy vehicles.
"The new company has entered a new field, and it is also part of the company's circular economy," said the person in charge of Lomon Baili.
Long Bai New Material is engaged in the battery business, and the battery type is lithium iron phosphate.
Compared with China Nuclear Titanium Dioxide and Lomon Bailey’s direct entry into the lithium iron phosphate market, Anada started to get involved in iron phosphate as early as 2015, and iron phosphate is mainly used for lithium iron phosphate battery materials, catalysts and ceramics.
In the A-share market, companies such as Defang Nano, Xiangtan Electrochemical Co.
Benefiting from the enthusiasm of the new energy vehicle market, the two mainstream technology directions of lithium iron phosphate and ternary lithium have attracted attention.
Huaan Securities analyst Chen Xiao once stated in a research report released at the beginning of this year that 2021 will usher in a major year of growth in demand for lithium iron phosphate, which is expected to increase by 80% year-on-year.
