On April 27, China Baoan Group Co.Ltd(000009) disclosed the first quarterly report of 2022. Benefiting from the continuous prosperity of the downstream battery market and the improvement of the market demand for battery materials, the business of the company’s subsidiary beiteri New Materials Group Co., Ltd. maintained rapid growth.
During the reporting period, beiteri New Material Group Co., Ltd., the people’s Government of Dali Bai Autonomous Prefecture and the people’s Government of Xiangyun County signed the cooperation agreement on the project of integrated base for lithium battery cathode materials with an annual output of 200000 tons, Invest in the construction of 200000 ton / year lithium battery negative electrode material integration base project in Xiangyun County Economic and Technological Development Zone of Dali Prefecture, sign the investment cooperation agreement on beiteri high-end lithium ion battery negative electrode material industrialization project with the people’s Government of Guangming District of Shenzhen, and invest in the construction of 40000 ton / year silicon-based negative electrode material project in Guangming District of Shenzhen. It provides good support for the follow-up performance of the company. (Lu Mingzhen)
