Ningbo Ronbay New Energy Technology Co.Ltd(688005) announced that the company, rongbai group, Xiantao municipal government, Wuhan Hanyang District government and Changjiang Industrial Investment Fund Management Co., Ltd. recently signed a package cooperation agreement.
The company plans to build a lithium battery cathode material manufacturing base with an annual capacity of 400000 tons in Xiantao, which will be completed in three phases. Phase I (annual capacity of 100000 tons) is planned to be completed by the end of June 2023, phase II (annual capacity of 100000 tons) is planned to be completed by 2025, and phase III (annual capacity of 200000 tons) is planned to be completed by 2030; Set up Xiantao rongchuang No. 1 new energy partnership (limited partnership) to match the construction of phase I project with an annual capacity of 100000 tons.
The company plans to select the site for the project in Hanyang District, Wuhan, and set up the company’s central China regional headquarters and new energy technology research institute; The company will set up a fund management company and industrial investment fund in Hanyang District, Wuhan, focusing on the upstream and downstream projects of new energy and new materials related industries. The company and Changjiang Industrial Investment Fund Management Co., Ltd. will cooperate to promote the investment layout of rongbai group in Hubei Province, including a series of projects such as landing in Central China regional headquarters, the world’s largest cathode material base and engineering equipment company, so as to create a new business form and new business model of the new energy battery material industry chain.
