[Over 3 Billion Yuan! Jiuhuan Xinyue New Energy Materials Industrial Base Project Commences Construction] SMM learned that on the morning of February 24, Binzhou City in Shandong Province held the 2025 Spring High-Quality Development Major Project Construction On-Site Promotion Conference. A total of 30 projects, with a total investment of 12 billion yuan, were launched during the centralized commencement ceremony in Bincheng District, including the materials industrial base construction project of Jiuhuan Xinyue New Energy Technology Co., Ltd. (referred to as Jiuhuan Xinyue New Energy).
It is reported that the project has a total investment of 3.06 billion yuan, with 11 new production lines to be established, focusing on cultivating three core products: water purification materials, electrode materials, and electrolytes, while building a lithium battery industry chain. After production begins, the annual output will include six types of products such as iron phosphate and LFP, totaling 657,200 mt, driving the company's output value to exceed 10 billion yuan and generating over 900 million yuan in profits and taxes.
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