Guangdong Dowstone Technology Co.Ltd(300409) 3 announced on March 9 that the company plans to sign an investment agreement with the Management Committee of Wuhu Economic and Technological Development Zone on the “three yuan precursor project with an annual output of 100000 tons”. The project will be invested in two phases, with a total planned investment of about 10 billion yuan and a phase I investment of 5 billion yuan, including 2.5 billion yuan in fixed assets; Phase II will be implemented step by step after the conditions are met.
The company said that it would make full use of Wuhu’s advantages in transportation location conditions, industrial policy support and cluster effect of new energy vehicle industry chain to set up a production base in Wuhu and build ternary precursors and supporting projects. At that time, the company will form three ternary precursors production and manufacturing bases of “Yingde + Longnan + Wuhu” to effectively ensure the company’s capacity construction, Expand market share, enhance the competitiveness of the company, and promote the realization of the company’s strategic planning and business objectives.
