2.9 billion yuan! German Nano plans to build a production base with an annual output of 150000 tons of lithium iron phosphate.

On the evening of March 29th, German Nano (300769) announced that it intends to invest in the construction of an annual production base of 150000 tons of lithium iron phosphate in Qujing Economic and technological Development Zone. The base project includes a joint venture project with an annual capacity of 100000 tons of lithium iron phosphate built by the company and Yiwei LiNeng (300014). The company is independently responsible for the preliminary planning of the remaining 50, 000 tons of lithium iron phosphate production capacity; the investment estimate of the project is about 2.9 billion yuan.

German Nano said that the signing of this investment agreement will help to quickly increase the company's lithium iron phosphate production capacity and further increase the company's market share. This investment agreement involves a large amount of investment in the project, and through the cooperation mode of government construction and company buyback, the financing pressure during the project construction period has been greatly reduced.

Earlier, German Nano announced that the company and Yiwei LiNeng signed a "joint venture agreement" and the two sides planned to cooperate to set up a joint venture company with a registered capital of 100 million yuan, of which the company subscribed 60 million yuan. Yiwei Lithium Energy subscribed 40 million yuan, the joint venture company will focus on the production of low-cost and high-quality lithium iron phosphate, and give priority to supply to Yiwei Lithium Energy and its related parties. The total investment of the joint venture project is 2 billion yuan and the annual production capacity is 100000 tons.

On the same day, German Nano issued an announcement that in order to focus on the main business, improve the company's competitive advantage and optimize the company's profit structure, the company plans to sell the fixed assets, inventory and intangible assets involved in the company's carbon nanotube conductive and hydraulic business to Qujing Feimo Technology Co., Ltd., with a transaction consideration of RMB 24.4214 million, which will be paid in cash. Qujing DeFang Nanotechnology Co., Ltd., a wholly-owned subsidiary of the company, plans to lease some of its factories to Qujing Feimo for a term of one year, with a total annual rent of 1.0647 million yuan with reference to the market price.