Fengyuan Co., Ltd. plans to build a three-element cathode material project for power lithium battery

On the evening of May 10, Fengyuan announced that the company's wholly-owned subsidiary Fengyuan Lithium is expected to implement a ternary cathode material construction project with an annual output of 5,000 tons of lithium-ion power batteries. The total investment of the project is about 196 million Yuan.

It is reported that the lithium-ion power battery ternary cathode material construction project is planned to be built in the Fengyuan Lithium Energy Plant in the west of Guangjin Road, Taierzhuang Economic Development Zone, Zaozhuang City. The total construction period of the project is about 20 months. After the project is fully completed, it is predicted according to the current market conditions. It is estimated that the annual average sales income will be 1.17 billion Yuan and the net profit will be about 100 million Yuan.

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