Cut into the incremental market Sichuan Development Lomon Co.Ltd(002312) investment and construction of lithium battery new energy materials project has made new progress

On March 22, Sichuan Development Lomon Co.Ltd(002312) disclosed that its wholly-owned subsidiary Deyang Sichuan Development Lomon Co.Ltd(002312) new materials Co., Ltd. and the Management Committee of Deyang ABA Ecological Economic Industrial Park signed the investment agreement of Deyang Sichuan Development Lomon Co.Ltd(002312) lithium new energy materials project and the supplementary agreement of Deyang Sichuan Development Lomon Co.Ltd(002312) lithium new energy materials project on March 22, New progress has been made in Deyang Sichuan Development Lomon Co.Ltd(002312) lithium battery new energy material project invested by the company.

Sichuan Development Lomon Co.Ltd(002312) announced in February this year that Deyang Sichuan Development Lomon Co.Ltd(002312) lithium battery new energy material project will be invested. The total investment amount of the project is 12 billion yuan. It has been listed as a key promotion project in Sichuan Province. It is planned to build a project with an annual output of 200000 tons of lithium iron phosphate, 200000 tons of iron phosphate and supporting products. The planned construction period is from March 2022 to December 2026. At present, the proposals related to the project have been deliberated and approved by the Sichuan Development Lomon Co.Ltd(002312) board of directors and the general meeting of shareholders.

Sichuan Development Lomon Co.Ltd(002312) said that the investment and construction of Deyang Sichuan Development Lomon Co.Ltd(002312) lithium battery new energy materials project is in line with the company’s multi resource circular economy development direction of “scarce resources + technological innovation”, meets the company’s strategic needs of further “fixing, strengthening, supplementing and extending the chain”, and is conducive to seizing the development opportunities of new energy and new materials industries and cutting into incremental markets such as lithium iron phosphate cathode materials in combination with its own actual situation.

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