World's First Sodium-Lithium Hybrid Storage Power Station Starts Operations in Ningxia

On May 9, Foshan FSPG Technology Group Co., Ltd. issued an announcement stating that, based on strategic development planning and operational needs, it plans to use 300 million yuan of its own funds to increase the capital of its wholly-owned subsidiary, Hebei Jinli New Energy Technology Co., Ltd., to supplement its working capital. Jinli New Energy, as a leading enterprise in the domestic lithium battery separator industry, is the core entity for FSPG Technology's strategic layout in the lithium battery separator business, with its products widely used in both the energy storage battery and power battery fields. FSPG Technology stated that this capital increase will effectively supplement Jinli New Energy's working capital.

On May 8, Cangzhou Mingzhu Plastic Co., Ltd. issued an announcement stating that it plans to invest in the construction of the Cangzhou Mingzhu South China Base project in Zengcheng District, Guangzhou City. This project has a total investment of approximately 3.38 billion yuan. The construction content includes the establishment of 8 new wet-process lithium battery separator production lines and 7 PE pipeline production lines, along with supporting production workshops, warehouses, office facilities, and auxiliary equipment for production, testing, environmental protection, and safety. It is designed to achieve an annual production capacity of 2.4 billion square meters of wet-process lithium-ion battery separators and 30,000 tons of PE pipelines.