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Long-term Lithium Division plans to build a lithium battery cathode material project

 Last Update: 2021-09-19
 Source: Internet
 Author: User

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Sinochem News.
com News on September 13, Changyuan Lico released an announcement that Hunan Changyuan Lico New Energy Co.
, Ltd.
, a wholly-owned subsidiary of the company, plans to invest in the construction of the second phase of the expansion of automotive lithium battery cathode materials, with a construction of 40,000 tons per year.
The total investment for the cathode material production line is about 3.
339 billion yuan
.

The project plans to start construction at the end of January 2022 and put into production in October 2023, with a construction period of 20 months
.

The source of funds is resolved by the company's self-raised funds and bank loans

Changyuan Lithium said that after more than 10 years of development, the company has become a major supplier in the field of ternary cathode materials and has entered the supplier system of mainstream lithium battery manufacturers such as CATL, BYD, Yiwei Lithium Energy, and Xinwangda
.

Since the fourth quarter of 2020, China's new energy vehicle market has gradually recovered from the epidemic.

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