On October 24, New Third Board Company Shanshan Energy announced that Shanshan Energy (Ningxia) Co., Ltd., a wholly-owned subsidiary of the company, plans to invest in the development, production and sales of lithium battery cathode materials in the Shizuishan National High-tech Zone in Ningxia Hui Autonomous Region. . The design has a comprehensive production capacity of 10,000 tons / year, and the total investment in civil construction and fixed assets is about 209 million yuan. The source of funds is self-financing by Shanshan Energy (Ningxia) Co., Ltd. The total construction period is about 13 months.
Shanshan Energy stated that the investment was planned and implemented in accordance with the company's future strategic planning. With the rapid development of the new energy power vehicle market, the energy density requirements for lithium batteries continue to increase, and the market demand for ternary materials has continued to increase.
The project is located in the industrial park of Shanshan Energy (Ningxia) Co., Ltd., Shizuishan City, Ningxia. The local water, electricity and labor costs are relatively low, and the use of automated production lines will help improve product quality, reduce production costs, and increase product gross margins It also guarantees the stability of product supply.
In addition, through the construction of this project, the company's industrial chain system has been expanded, and a series of independent R & D and production from precursors to products can protect the company's core technology to the greatest extent, accelerate the company's product development and market advancement speed, and improve the company. The comprehensive competitiveness has consolidated the company's sustainable development and leading position in the industry.