100ktpa LMFP project to break ground in Huocheng
2023-12-25 13:33:09 [Print]
On December 17, Shenzhen Yutuo New Energy Technology Group Co., Ltd. entered into an agreement with Huocheng county government to developed a LMFP cathode material project with a production capacity of 100,000 tonnes annually.
With total investment estimated at RMB4 billion (USD561 million), the project will be located in Sanhedao, Huocheng and cover an area of approximately 150,000 square meters. When fully operational, the project would achieve an annual production value of nearly RMB15 billion (USD2.10 billion) along with tax revenue of RMB500 million (USD70.06 million), and is expected to help create around 500 jobs.
With total investment estimated at RMB4 billion (USD561 million), the project will be located in Sanhedao, Huocheng and cover an area of approximately 150,000 square meters. When fully operational, the project would achieve an annual production value of nearly RMB15 billion (USD2.10 billion) along with tax revenue of RMB500 million (USD70.06 million), and is expected to help create around 500 jobs.
Lithium Iron Phosphate Li 3.9%min Delivered China
Unit:RMB/mt
China's ithium iron phosphate producers' inventory to production ratio statistics by province by month
Unit: %
