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Xilong Science plans to acquire Yinghe New Energy to enter the field of lithium iron phosphate cathode materials

 Last Update: 2022-04-26
 Source: Internet
 Author: User

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Sinochem News News On March 28, Xilong Science announced that in order to expand its business field and closely follow the national new energy and new material industry policy, the company plans to acquire Xintai Yinghe New Energy Materials Co.
, Ltd.
(the following referred to as "Yinghe New Energy") 100% equity
.

Yinghe New Energy is mainly engaged in the research and development, production and sales of lithium iron phosphate cathode materials
.

Xilong Science said that thanks to the increase in the production and sales of new energy vehicles and the increase in the installed capacity of lithium iron phosphate batteries, the market demand for lithium iron phosphate cathode materials has grown rapidly
.

Through the acquisition of Yinghe New Energy, the company has entered the field of new energy materials such as lithium iron phosphate cathode materials, which can enrich the company's product structure and better meet market demand

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