Lion Technology will have a capacity of 6GWh for lithium batteries in 2018.

Lion Technology stated that due to the rapid industrial layout and development of the company in recent years, some business expansion was not as expected, operating management capabilities were weak, and due to the adjustment of relevant industrial policies and financial macro-regulation, the company's assets and income scale were rapidly increasing. At the same time, Business performance has fallen sharply.

According to the report, in 2017, Lions Technology will focus on lithium batteries and upstream and downstream industrial chains, and use clean power and new energy car rental operations as auxiliary industrial chains to continue to promote the layout of the new energy industry with "one wing and two wings". The lithium battery business achieved operating income of RMB 87.8 billion, a year-on-year increase of 395.30 <UNK>; The clean power business achieved operating income of 1.8.7 billion yuan, a year-on-year increase of 57.26 billion yuan; The new energy vehicle business achieved operating income of 680 million yuan, a year-on-year increase of 226.85 million yuan; Lead battery business achieved revenue of 475 million yuan, maintaining a steady growth.

The report disclosed the 2018 lithium battery business operating target: strive to reach 6GWh of lithium battery production capacity by the end of 2018; Continue to promote the development of Silicon carbon negative electrode materials, NCA ternary precursor positive electrode materials, lithium ion battery high-grade electrolytic copper foil and other lithium battery materials; With Tianjin lion new energy as the main body, lithium-ion battery echelon utilization and recycling will be actively arranged.

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