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On December 28, 2022, Rongbai Technology announced that the company signed a cooperation agreement with the People's Government of Hanyang District of Wuhan City, planning to invest 1.
3 billion yuan to build Hubei New Energy Technology Research Institute and 500 million yuan to build the Central China Regional Headquarters in Hanyang District, with a total fixed investment of no more than 1.
8 billion yuan
.
At the same time, Wuhan Yuyun Shoudao Technology Co.
, Ltd.
, a wholly-owned subsidiary of Wuhan Hanyang Investment and Development Group Co.
, Ltd.
, signed a subscription agreement with Hubei Rongbai Battery Triangle No.
1 Equity Investment Fund Partnership (Limited Partnership) to subscribe and contribute 1 billion yuan
as a limited partner.
According to reports, the project will be built in three phases, of which the first phase will mainly build a comprehensive testing center, and it is planned to build a number of small test lines, electrochemical testing platforms and supporting facilities, which are expected to be completed by the end of 2024; The second phase is mainly to develop new secondary battery industries, and it is planned to build 5 small test lines and supporting facilities covering a variety of new materials and new electrochemical systems, which are expected to be completed by the end of 2026; The third phase plans to build an innovation incubation base and supporting facilities, which is expected to be completed
by the end of 2029.
Rongbai Technology said that the new energy technology research institute invested and built this time will focus on the technology and application research of new cathode products, battery dismantling and recycling, sodium electric cathode materials and phosphate materials, solid-state battery materials and other new energy systems and other new industry application research, further strengthen the collaboration between R&D and cathode materials and engineering manufacturing bases, form linkage advantages, and accelerate the introduction and application
of new products to downstream markets.