Sheng Xin Lithium Energy: Indonesia 50, 000 tons of lithium hydroxide and 10, 000 tons of lithium carbonate project kicked off.

In the early morning of October 5, Shengxin Lithium Neng sounded the rally horn for Indonesia, led by Fang Yi, executive vice president, and gathered many personnel from the project team, such as finance, civil engineering, equipment management, planning and design, to fly from Guangzhou to (IMIP), Morowali Industrial Park, Morowali County, Central Sulawesi Province, Indonesia.

This is the first team to be sent overseas by Shengxin Lithium Energy in 2021, marking the official start of the 50,000 tons of lithium hydroxide and 10,000 tons of lithium carbonate project in Shengxin Lithium Energy Indonesia.

After arriving at the IMIP Industrial Park in Indonesia, the project team will conduct in-depth communication with the partner STELLAR around the process plan, market, capital, scale, technology, environment and plant construction resources, so as to promote the project construction as soon as possible. Shengxin Lithium and STELLAR will give full play to their respective advantages and resources to build Indonesia's joint venture project with an annual production capacity of 50, 000 tons of lithium hydroxide and 10, 000 tons of lithium carbonate into an advanced power battery raw material manufacturing base in the world. The project is in line with the Indonesian government's industrial planning, the Chinese government's "Belt and Road Initiative" development strategy, and the strategic development of both sides and the strategic needs of the global market.

After the Shengxin Lithium Energy Indonesia project is put into production, it will greatly expand the production capacity of the company's lithium salt business, significantly increase the company's revenue scale and profitability, and enhance the company's market share and influence. it is conducive to the realization of the company's strategic goal of "striving to become a global leader in lithium power new energy materials with production capacity and quality".