Yibin’s new energy industry gains further competitiveness as two lithium iron phosphate cathode production projects come online successively

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Yibin’s new energy industry gains further competitiveness as two lithium iron phosphate cathode production projects come online. The first-phase project for lithium iron phosphate cathode materials carried out by Yibin Wanpeng Times Technology Co., Ltd. is a key project in Pingshan County, covering an area of 210 mu. Since its construction began in November 2021, the project has seen accelerated work and steady progress, with the works advancing smoothly. The construction of Phase 1 of Wanpeng Era includes Production Buildings 1, 2, and 3. These buildings are used for the production of lithium iron phosphate cathode materials. The raw materials for these materials include lithium iron, aluminum phosphate, glucose, and pure water; through processes such as mixing and crushing, lithium iron phosphate cathode materials are produced. This project can achieve an annual production capacity of 100,000 tons of cathode materials. On February 16, 2023, the first phase of Yibin Wanpeng’s lithium iron phosphate production project began operations. This means that starting from February 16, Wanpeng will enter a period of testing and debugging of its production lines, with the company striving to produce qualified products in the shortest possible time. On April 6, 2023, Yibin Tianyuan Group Co., Ltd. (referred to as “Tianyuan Shares”) issued a statement stating that the first phase of the project for producing 100,000 tons per year of lithium iron phosphate cathode materials – specifically, the production line with an annual capacity of 25,000 tons – has been completed. Production has already begun on a trial basis, while the construction of the facility capable of producing 75,000 tons per year is progressing smoothly according to plan. In the future, the company will also invest in expanding the integrated production facility capable of producing 200,000 tons of lithium iron phosphate cathode materials per year, based on market conditions; meanwhile, it has a long-term plan to build an integrated facility that can produce 300,000 tons of such materials per year.