Mianyang Fulin Precision Co.Ltd(300432) 28 disclosed the announcement on the signing of the cooperation framework agreement between the subsidiary and the Management Committee of Yichun economic and Technological Development Zone. Through friendly negotiation, Jiangxi Shenghua, the subsidiary of the company, and the Management Committee of Yichun economic and Technological Development Zone, provided support for the investment of new energy lithium battery cathode material industry project, the development and utilization of lithium resources and the guarantee of lithium resources, the core raw material corresponding to the industrial project, Reach a cooperation framework agreement.
According to the cooperation agreement, Jiangxi sublimation invested 200000 tons of new high-pressure solid lithium iron phosphate cathode material and supporting main materials integration project, R & D center and science and technology platform in Yichun economic development zone. The total investment is expected to be about 5 billion yuan, which will be invested in two phases. The first phase will invest 2.5 billion yuan to build a new high-voltage solid lithium iron phosphate cathode material and supporting main materials project with an annual output of 100000 tons. The second phase will invest 2.5 billion yuan and 100000 tons of new high-voltage solid lithium iron phosphate cathode materials and supporting main materials. At the same time, promote the comprehensive development and utilization of lithium resources, including but not limited to lithium mine development projects, lithium salt production capacity construction projects, lithium battery recycling projects, etc. Yichun economic development zone gives Jiangxi sublimation sufficient guarantee and support based on the guarantee and supply of lithium resources, the core material of the project.
Mianyang Fulin Precision Co.Ltd(300432) said that the signing of this cooperation agreement is conducive to giving full play to their respective resources and advantages, taking advantage of the development opportunities of Yichun’s mineral resources and new energy lithium battery industry, and deeply implementing the national strategic deployment of “carbon peaking and carbon neutralization”. Further promote the development of the company’s new energy lithium battery cathode material industry, improve the production capacity of the company’s lithium iron phosphate cathode material and improve the industrial chain layout on the premise of ensuring lithium resources, which is of positive significance to the company’s strategic layout in the new energy industry and is conducive to further enhance the core competitiveness and sustainable development ability of the company’s new energy lithium iron phosphate business.
It is worth noting that in order to further deepen the strategic cooperation and industrial layout in the field of new energy lithium battery cathode materials, Mianyang Fulin Precision Co.Ltd(300432) and its subsidiary Jiangxi sublimation have introduced Contemporary Amperex Technology Co.Limited(300750) and other strategic investors in the form of capital increase since last year. As of February 22, 2022, the relevant strategic investors have completed the capital increase and delivery, and the registered capital of Jiangxi sublimation has increased to RMB 820 million, Among them, Mianyang Fulin Precision Co.Ltd(300432) holds 60.00%, and Contemporary Amperex Technology Co.Limited(300750) and Changjiang chendao (Hubei) new energy industry investment partnership (limited partnership) hold 20% respectively.
