Hubei Fosun New Materials Co. Initiates Construction of Key Lithium Battery Electrolyte Project

Recently, the Hubei Fosun New Materials Co., Ltd. new generation lithium battery electrolyte core material project, undertaken by Hunan Installation Branch, officially commenced construction. The project has a total investment of 630 million yuan and is a key project in Hubei Province, directly supervised by the government. The construction includes two lithium salt production units, along with supporting facilities such as warehouses, storage tanks, and circulating water stations. Upon completion, the project will produce 10,000 tons per year (on a solid basis) of lithium battery electrolyte core materials and is expected to become a new engine for local economic development.

Fosun is a technology-driven near-unicorn company, with major shareholders including industry giants and industrial capital such as Zhejiang Transfar, BYD, Puhua Capital, Yichang High-Tech, Silicon Harbor Investment, and Share Investment