Fengyuan Chemical's subsidiary to invest in building LFP cathode material production project
2021-07-06 15:02:57 [Print]
Fengyuan Chemical announced on July 2nd that its wholly-owned subsidiary Fengyuan Lithium Energy will establish Anqing Fengyuan Lithium Energy Technology Co, Ltd. in the Economic Development District in Anqing, Anhui to build a LFP cathode material production base project, which has a designed production capacity of no more than 25,000t, together with Anhui Jintong New Energy Vehicle Phase Two Funds. Fengyuan Lithium will invest RMB250 million (USD38.70 million) in the joint venture, which will totally have registered capitals of RMB400 million (USD61.92 million), and accordingly hold 62.5% shares of the joint venture.
Fengyuan Chemical will raise the investment of RMB310 million (USD47.99 million) in Fengyuan Lithium Energy to implement the construction of a lithium-ion battery high-nickel NCM material project of 10,000tpy.
Fengyuan Chemical will raise the investment of RMB310 million (USD47.99 million) in Fengyuan Lithium Energy to implement the construction of a lithium-ion battery high-nickel NCM material project of 10,000tpy.
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