Inner Mongolia Fulin Times New Materials Co., Ltd.: a project with a total investment of 6 billion yuan to produce 500,000 tons per year of lithium iron phosphate for high-end energy storage applications

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On March 27, following the signing of the contract for the allocation of land use rights for state-owned land, Inner Mongolia Fulin Times New Materials Co., Ltd.’s project to produce 500,000 tons per year of lithium iron phosphate material for high-end energy storage applications saw the Natural Resources Bureau of Yijinholo Banner, in collaboration with the Bureau of Housing and Urban-Rural Development of the same banner, issue simultaneously a construction land planning permit, a construction project planning permit, and a construction permit for this project within one day. As a result, the project was able to start construction right away after obtaining the land, thus accelerating the commencement of this major project. The project of Inner Mongolia Fulin Times New Materials Co., Ltd. to produce 500,000 tons per year of lithium iron phosphate for high-end energy storage is located in the Zero-Carbon Industrial Park of the Ordos Mengsu Economic Development Zone. It is invested and constructed by Inner Mongolia Fulin Times New Materials Co., Ltd., with a total investment of 6 billion yuan. The project is built in two phases, covering an area of over 230,000 square meters. Once the project is completed and put into operation, it is expected to generate an annual output value of 17.5 billion yuan and annual profits and taxes of 430 million yuan. It will also create over 600 high-quality jobs, thereby filling in the \"largest missing piece\" in the lithium battery industry landscape of the northwest region and providing a \"super engine\" for the regional new energy industry chain.