The opening ceremony of the third phase of Hubei Rongtong Hi-Tech Lithium Battery cathode material Project was officially held.

On February 8th, the Huangshi branch venue for the concentrated construction ceremony of major projects in Hubei Province in the first quarter of 2022, and the opening ceremony of the third phase of Hubei Rongtong Hi-Tech Lithium Battery cathode Materials Project, was held at the scene of Phase III of Rongtong Hi-Tech Advanced Materials Industry Park in Daye Lake High-tech Zone, Huangshi City, and launched with the video Synchronize of major projects throughout the province.

The Huangshi branch venue at the opening ceremony is located in Rongtong Hi-Tech Industrial Park, which is the most representative major project in Huangshi City during the 14th five-year Plan period, with its great investment, fast construction speed and large industrial scale. the demonstration effect is far-reaching, and it is of great strategic significance to respond to the national call to develop new energy key industries.

Relevant leaders who attended the opening ceremony included Wu Zhiling, deputy secretary of the Huangshi Municipal CPC Committee and mayor, Hao Shengyong, member of the standing Committee of the Huangshi Municipal CPC Committee and secretary of the Daye Municipal CPC Committee, he Yunping, executive vice mayor of Huangshi City, Huangshi Economic and technological Development Zone, Huangshi Municipal Party Committee Organization Department, Huangshi City Human Resources and Social Security Bureau, Huangshi City Commerce Bureau, and county (city and district) governments, relevant municipal departments and street offices.

The opening ceremony was presided over by he Yunping, member of the standing Committee of the Huangshi Municipal CPC Committee and vice mayor. Wu Zhiling, deputy secretary of the Huangshi Municipal CPC Committee and mayor, spoke to the whole province on behalf of the Huangshi sub-venue, and reported to the provincial leaders on the projects started by various cities, counties, and districts in Huangshi City as well as the overall situation, and will take the concentrated construction activities as an opportunity to ensure that the first season is "off to a good start." to achieve the whole "full house".

At the opening ceremony of the third phase of the project to integrate high-tech lithium iron phosphate cathode materials, Hao Shengyong, member of the standing Committee of the Huangshi Municipal CPC Committee and secretary of the Daye Municipal CPC Committee, made a warm speech. Secretary Hao made a general mobilization of the project centrally carried out in Daye City in 2022, calling on everyone to work unswervingly for Daye's goal of striving into the top 50 of the "top 100 counties and cities" in 2022 in the spirit of sprint.

Subsequently, Pan Xiaojin, deputy secretary of the Daye Municipal CPC Committee and secretary of the Daye Lake High-tech Zone, made a speech, summing up the focus of the high-tech zone on escorting the key projects represented by Rongtong Hi-Tech in the area, and the improvement of the business environment. The continuous service and unremitting efforts made in various aspects such as supporting policies have become the most strong and reliable backing for the rapid development of enterprises.

He Zhonglin, chairman of Hubei Rongtong Hi-Tech Advanced Materials Co., Ltd., said: in the past five years, Rongtong Hi-Tech Advanced Materials has been built under the nanny-style service of Daye High-tech Zone and developed under the first-class business environment of Daye City. the construction of the first and second phases of the project was completed ahead of schedule and successfully put into production, and a 105000-ton lithium iron phosphate production line was built, according to the latest information released by the China Physics and Chemical Power Society. The company's production capacity ranks third in the industry, and its output and shipments rank fourth in the industry in 2021, that is, the fourth in the world, accounting for 8% of the market share. while expanding production capacity, the company attaches great importance to the performance and quality of its products. it has become the mainstream supplier of the leading enterprises in the domestic lithium power industry, and the products have been in short supply for a long time, so it is inevitable to expand production.

The third phase of Rongtong Hi-Tech Project still chooses to expand production in Daye, with a total investment of 3.2 billion yuan, and plans to build a recycling capacity of 40, 000 tons of lithium iron phosphate, 50, 000 tons of iron phosphate, 50, 000 tons of waste lithium batteries, and 80, 000 tons of sewage treatment and other supporting facilities. The company will, as always, speed up the progress of construction according to the principle of "early start, early construction, early production and early efficiency". The third phase will be completed in 2022 and reach production in 2023, with an estimated annual sales income of 4 billion yuan and profits and taxes of 500 million yuan. 600 new jobs. After the first, second and third phases of the project reach production, the annual sales income will be 15 billion yuan, profits and taxes will be 2.5 billion yuan, and 2000 new jobs will be created.

The nanometer lithium iron phosphate produced by the company belongs to the national strategic emerging industry, which is mainly used in new energy vehicles and new energy storage industry, and is one of the carbon neutralization core supporting industries. Five years ago, under the influence of the leaders of his hometown, he Zhonglin, chairman of the company, brought the project, talent, and technology back to his hometown, and at the same time moved the headquarters base back to Daye. Chairman he Zhonglin said that the original intention of building Rongtong Hi-Tech into the first listed company in Daye City has never changed. The company will reform its shares in August this year and go public in the first quarter of 2023. At present, it is the golden window period for the development of the new energy industry. Futong Tech, which has taken the lead, will not give fellow travelers a chance, will maintain the state of the runner and continue to take the lead!

Since the company started construction in March 2017 and put into production in 2019, it has maintained a 10-fold growth every year, with sales revenue exceeding 100 million yuan in 2020, sales revenue exceeding 1 billion yuan in 2021, and revenue of 13 billion yuan in 2022, realizing profit and tax of 2 billion yuan. Over the past three years, from 100 million to 1 billion to 10 billion, the annual 10-level jump has made remarkable achievements. Chairman he Zhonglin said that he Zhonglin is very grateful for the opportunity given by this era, thanks to the strong support of the Yellowstone Daye government, and thanks to the meticulous service of the Daye High-tech Zone. Today, the development of high-tech is inseparable from the concern of the municipal party committee and municipal government and leaders from all walks of life, and integrate high-tech will comply with the trend, maintain scientific and technological innovation, and the concept of industrial rejuvenation! Continue to stand at the forefront of the tide forever, strive to be the first in the world of lithium iron phosphate, and make a great contribution to the realization of the goal of carbon peak and carbon neutralization!

Finally, Wu Zhiling, deputy secretary of the Huangshi Municipal CPC Committee and mayor, announced the formal start of the third phase of the high-tech project and wished it good luck.