51.7 billion yuan!

On February 17, Yunnan Yuntianhua Co.
, Ltd.
announced that Yuntianhua has joined hands with the People's Government of Yuxi City, Yunnan Province, Yunnan Enjie New Materials Co.
, Ltd.
, Huizhou Yiwei Lithium Energy Co.
, Ltd.
, and Zhejiang Huayou Holdings.
The Group Co.
, Ltd.
signed the "New Energy Battery Whole Industry Chain Project Cooperation Agreement" in Kunming, Yunnan Province on February 16
.

According to the agreement, the parties jointly set up two joint venture companies in Yuxi City.
After obtaining the exploration and mining rights through the joint venture companies in accordance with laws and regulations, they will jointly exploit mineral resources, carry out deep processing of minerals, and jointly develop, produce and sell new energy batteries and new energy batteries.
Upstream and downstream materials, drive the construction of the new energy battery industry chain, and jointly promote the formation of a new energy battery industry chain cluster in Yuxi City
.

In terms of the cooperative development of mineral resources, the Yuxi Municipal Government will jointly establish two companies with various participants, which will be mainly engaged in mineral development and mineral deep processing business
.

In the construction of batteries and upstream and downstream materials, projects such as batteries, separators, iron phosphate, lithium iron phosphate, and copper foil are planned to be invested in three phases.
The first phase will be completed before December 31, 2023, with a committed investment of about 18.
05 billion The second phase will be completed before December 31, 2025, with a committed investment of about 33.
65 billion yuan; the third phase is a long-term investment target and is planned to be completed before 2030
.