Longpan Technology plans to build a production facility capable of producing 240,000 tons per year of high-density lithium iron phosphate
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On January 5, Longpan Technology announced that its holding subsidiary, Changzhou Liyuan New Energy Technology Co., Ltd. (hereinafter referred to as “Changzhou Liyuan”), intends to sign a \"Cooperation Agreement for the High-Performance Lithium Battery Cathode Material Project\" and a \"Supplementary Agreement to the Cooperation Agreement for the High-Performance Lithium Battery Cathode Material Project\" with the Management Committee of Jinshan Hu Luogeng High-Tech Industrial Development Zone in Jiangsu Province. The project is planned to be carried out by Liyuan (Jiangsu) Technology Co., Ltd., a wholly-owned subsidiary of Changzhou Liyuan, which will invest in the construction of a R&D center as well as a production facility capable of producing 240,000 tons per year of high-density lithium iron phosphate within the Jinshan Hua Luogeng High-Tech Industrial Development Zone in Jiangsu Province. The total investment is expected to exceed 2 billion yuan. The production facility will be built in two phases; phase one is planned to have a capacity of 120,000 tons, and Changzhou Lithium Source will initiate phase two construction at an appropriate time based on market conditions.
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