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As of now, Ningxiang has gathered new energy leading material companies such as Fodi Battery, Zhongwei New Energy, Bangpu Cycle, Shanshan New Energy, Xingcheng Graphite, and Zhongli New Materials. Recently, another major project has been launched.

According to news from Ningxiang High tech Zone, on the morning of August 30th, the signing ceremony for the lithium iron phosphate project between Ningxiang High tech Zone and Hunan Bangsheng Industrial Holding Group Co., Ltd. was held. The project is located in Ningxiang High tech Zone, with a total investment of 12 billion yuan, including 3 billion yuan of fixed assets investment. It will build a project with an annual output of 200000 tons of lithium iron phosphate, and will layout 40 production lines.

Source: Ningxiang High tech Zone

It is reported that at present, the market of lithium iron phosphate is in a situation of short supply, and the market price per ton is about 50000 yuan and 60000 yuan. At the same time, the lithium iron phosphate industry project is a typical capital intensive and technology intensive "dual type project". In addition to solid investment, it is also necessary to raise 2-3 times the amount of cash for raw material procurement.

This project has a comprehensive and in-depth cooperation with Central South University, and the product market is mainly aimed at excellent domestic battery companies such as CATL and BYD. After the project is completed, the expected annual output value is 10 billion yuan.

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