Tianci Materials plans to build 3 lithium battery materials projects

Recently, Tinci Materials issued an announcement saying that the board of directors agreed to the wholly-owned Sun Company Jiujiang Tinci New Power to invest in the construction of 62,000 tons/year of electrolyte basic material projects; and the wholly-owned Sun Company Chizhou Tinci High-tech to invest and construct 152,000 tons/year New lithium battery material project; agreed to establish a joint venture company to invest in the construction of a 300,000 tons/year iron phosphate project (Phase I)
.

The announcement shows that the total investment of the 62,000 tons/year electrolyte basic material project is about 513 million yuan, the construction period is 15 months, and the product scale is 60,000 tons/year of bisfluorosulfonimide; tris(trimethylsilane) phosphate 2000 Tons/year
.
After the project is put into production, it is expected to achieve an average annual income of 2.

The 152,000 tons/year lithium battery new material project has a total investment of about 1.
049 billion yuan, a construction period of 18 months, and the product scale is 150,000 tons/year of liquid lithium hexafluorophosphate and 2,000 tons/year of lithium difluorophosphate
.
After the project is put into production, it is expected to realize an average annual income of 4.

The name of the newly established joint venture company is Yichang Tianci High-tech Materials Co.
, Ltd.
, which was jointly established by Guangzhou Tianci High-tech Materials Co.
, Ltd.
and Hubei Sanning Mining Co.
, Ltd.
Chairman Wang Guangming.
Among them, Guangzhou Tianci has subscribed capital of 65 million yuan and holds 65% of the shares
.
The announcement shows that the total investment of the 300,000-ton/year iron phosphate project (Phase I) is 504 million yuan, and the construction period is 12 months