Longbai Group announced in its announcement that it plans to establish a joint venture with Hubei Wanrun Technology in Nanzhang County, Hubei Province with an annual output of 10...

Longbai Group announced in its announcement that it plans to establish a joint venture with Hubei Wanrun Technology in Nanzhang County, Hubei to establish a lithium iron phosphate project with an annual output of 100,000 tons, an annual output of 200,000 tons of iron phosphate, and an annual output of 100,000 tons of graphite negative materials.
true?
The board secretary replied (Wanrun Technology SZ002654):
Dear investors, hello! According to public sources, with the advancement of the national carbon peaking and carbon neutral policy, the production and sales of new energy vehicles are expected to grow rapidly.
The subsidiary of Longbai Group plans to invest in projects such as lithium iron phosphate in Nanzhang, Hubei, to deploy new energy business
.
The company's physical industry subsidiaries mainly focus on LED semiconductor electronic components packaging and lighting.
With the advancement of dual carbon and domestic substitution, the company has strengthened the research, production and sales of automotive LED semiconductor electronic components and LED lighting.
The products can be used for automotive brake lights, steering In-vehicle display indication and lighting fields such as lamps, instrument panels, and ambient lights have entered the field of BYD (269.
000, -1.
85, -0.
68%), Xpeng Motors, Changan Automobile (15.
200, -0.
29, -1.
87%), Geely Automobile, JAC The supply system of traditional and new energy vehicles such as automobiles (17.
830, -0.
67, -3.
62%) and Hongqi Automobile
.
Thanks!