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Sinochem News News on July 21, Yiwei Lithium Energy announced that the company intends to sign an "Investment Agreement" with Zijin Lithium Industry (Hainan) Co.
, Ltd.
and Shandong Ruifu Lithium Industry Co.
,
Ltd.
The three parties will cooperate to establish a joint venture company in Hunan, and invest in the construction of a lithium salt project with an annual output of 90,000 tons.
The total investment is expected to be 3 billion yuan
.
The announcement shows that the first phase of the project will build a lithium carbonate project with an annual output of 30,000 tons, with a corresponding investment of about 900 million yuan, including a registered capital of 300 million yuan
.
Yiwei Lithium Energy, Zijin Lithium Industry, and Ruifu Lithium Industry hold 26%, 34%, and 40% of the shares respectively
.
Yiwei Lithium Energy said that this cooperation will fully integrate the advantageous resources of all parties and deepen the cooperation between all parties in the field of lithium battery industry
.
The company and its designated entities have the exclusive right to underwrite 66% of the lithium salt products of the joint venture, which is conducive to continuously improving the layout of the upstream battery raw material industry chain and improving the stability of the supply chain
.
Since the beginning of this year, Yiwei Lithium Energy has announced a number of investment projects
.
In April, Yiwei Lithium Energy announced that it plans to build a 50GWh power storage battery production base and Chengdu Research Institute in Chengdu with a total investment of 20 billion yuan
.
On May 17, Yiwei Lithium Energy announced that it plans to invest in the construction of a 10GWh power storage battery project in Yuxi, with a planned investment of 3 billion yuan
.
On June 7, Yiwei Lithium Energy announced that it plans to invest in the construction of a power storage battery project with an annual output of 10GWh in Qujing, with a total investment of about 3 billion yuan
.