Dowstone to invest in building lithium-ion battery materials green manufacturing company
2020-12-29 17:20:05 [Print]
Dowstone announced on December 28th that it will sign an investment cooperation contract with the Management Committee of Longnan Economy and Technology Development District to invest in building a green manufacturing company for full-life cycle of lithium-ion battery materials, namely a company temporarily called Jiangxi Jiana Energy Technology Co
With a total investment of RMB7.5 billion (USD1 . 15 billion), the company will include a power battery cathode material precursor project of 50,000tpy, a project of cobalt salt products representing an annual production capacity of 20,000t of cobalt, a project of nickel salt products representing an annual production capacity of 30,000t of nickel and a project to be able to recycle 50,000t of waste lithium batteries per year . The company can also expand its scale in the future by building a 50,000tpy of power battery cathode material precursor project and a project designed to recycle 50,000t of waste batteries per year based on the market situation . The two expansion projects will have a total investment of RMB5 billion (USD765 . 67 million), covering about 266,667 square meters.
It's expected that the construction of the company would start in early 2021 and the preparation and construction period would be two years. The company is expected to go into operation in late 2022 and its phase one projects are expected to create annual output values of over RMB10 billion (USD1 . 53 billion) after realizing designed production capacity.
. , Ltd . With total registered capitals of RMB200 million (USD30 . 63 million), the company will focus on the production of power battery cathode material precursor, cobalt salt products and nickel salt products as well as the recycling of waste lithium batteries (subject to the registration of its business license). With a total investment of RMB7.5 billion (USD1 . 15 billion), the company will include a power battery cathode material precursor project of 50,000tpy, a project of cobalt salt products representing an annual production capacity of 20,000t of cobalt, a project of nickel salt products representing an annual production capacity of 30,000t of nickel and a project to be able to recycle 50,000t of waste lithium batteries per year . The company can also expand its scale in the future by building a 50,000tpy of power battery cathode material precursor project and a project designed to recycle 50,000t of waste batteries per year based on the market situation . The two expansion projects will have a total investment of RMB5 billion (USD765 . 67 million), covering about 266,667 square meters.
It's expected that the construction of the company would start in early 2021 and the preparation and construction period would be two years. The company is expected to go into operation in late 2022 and its phase one projects are expected to create annual output values of over RMB10 billion (USD1 . 53 billion) after realizing designed production capacity.