MGL Plans To Invest 3 Billion Yuan In Lithium Iron Phosphate Integrated Project

Published: Apr 13, 2026 18:36

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MGL announced that the company plans to sign an investment agreement with the Management Committee of Dazhou High-tech Industrial Park and invest 500 million yuan to establish a wholly-owned subsidiary, Sichuan MGL New Material Technology Co., Ltd., to implement the fourth-generation and beyond lithium iron phosphate integrated project. This project includes two sub-projects: lithium iron phosphate and iron phosphate, both to be constructed in two phases. The lithium iron phosphate sub-project involves a total investment of approximately 1.8 billion yuan, while the iron phosphate sub-project involves a total investment of approximately 1.2 billion yuan, bringing the combined total investment to approximately 3 billion yuan.

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