Tianyuan Co., Ltd. plans to invest 2.389 billion yuan to build a lithium iron phosphate cathode material integration project.

Tianyuan shares (002386.SZ) issued an announcement that the company has always adhered to the "one body and two wings" development strategy, based on the dominant chlor-alkali industry as the main body, to the development of new chemical materials and new energy advanced chemical batteries and materials industry.

In order to seize the national "double carbon" strategy and the opportunity for scale expansion of lithium iron phosphate and the great development dividend of new energy power batteries in Yibin City, give full play to the company's essential resources and technical advantages such as iron phosphate, and constantly supplement and improve the company's new energy lithium battery industry chain, after careful research, the company plans to set up a new company to invest in the construction of 100000 tons / year lithium iron phosphate cathode material project. And according to the actual situation by the company's subsidiaries supporting the construction of phosphoric acid, iron phosphate project (collectively referred to as the "iron lithium ferrite integration project" project plan with a total investment of 2.389 billion yuan.