Hunan Corun plans to invest no less than RMB3.5 billion in lithium carbonate and LiFePO cathode material projects
2022-06-27 16:02:40 【Print】
Hunan Corun New Energy Co., Ltd. announced on June 24 that it plans to sign the "Investment Project Contract" with Yifeng County Government, according to which the company or its affiliated companies would build "30,000 tons of battery grade lithium carbonate material project", "60,000 tons of high power LiFePO cathode material project" and "hybrid power technology platform project" in Yifeng Industrial Park, Jiangxi with a total investment of no less than RMB3.5 billion (USD523.3 million). On the same day, the company also announced that it intends to invest RMB500 million (USD74.75 million) to build a digital core material production line with an annual output of 3GWh within the area under the jurisdiction of Jiangxi Yichun Economic and Technological Development Zone.
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