Recently, Guizhou Hangran New Materials Co., Ltd. is busy promoting the preparation work for the construction of the 40,000-ton-per-year lithium iron phosphate project. It is expected that the equipment will enter the site and start construction by the end of November.

The project is located in the provincial chemical park in Xiaozhai Ba Town, Xifeng County, with a total investment of about 600 million yuan and an area of about 84 mu. After the project is completed, it is expected to achieve an annual output value of 3 billion yuan and contribute more than 100 million yuan in taxes per year.