SHANGHAI, Jan 2 (SMM) – Hunan Chenyu-Fuji New Energy Technology on January 1 commenced production of its phase-one project for lithium-ion battery anode materials, which is designed with a total capacity of 20,000 mt/year, in Changde, Hunan province. 

Construction of the first-stage project took nine months, with total investment for the project amounting to 500 million yuan. 

Upon full operation, the project is expected to generate annual sales revenue of 1 billion yuan.