Changsha a number of major projects focus on the construction of long-term lithium 7 billion cathode material plant

Published: Apr 28, 2020 13:39

Save

SMM4, 28 April: on the morning of April 28, major projects in Hunan Province concentrated on 80 projects at the Changsha venue, with a total investment of 38.8 billion yuan, setting off an upsurge of "seizing opportunities, grasping projects, and stabilizing investment."

Of the 80 projects, industrial projects accounted for more than half, reaching 43, with a total investment of 27.6 billion yuan. After the completion of the long-term lithium battery cathode material expansion project, it can have a ternary material production capacity of 80000 tons / a power battery. The construction of the project is committed to building a leading enterprise of battery cathode materials. After completion, it is expected to achieve operating income of about 12 billion yuan, a total annual profit and tax of about 600 million yuan, and provide about 1200 jobs. Bring good economic benefits to enterprises, lay a solid foundation for development, enhance market competitiveness, economic and social benefits are remarkable.

Hunan long Lithium Co., Ltd. automotive lithium battery cathode material expansion project is committed to the research and development and production of NCM and NCA series products. The project is located in Changsha National High and New Technology Development Zone, with a total planned land area of 772.08 mu and a total investment of about 7 billion yuan.

The project construction is committed to creating absolute leading enterprises of battery cathode materials, strengthening the strategic layout of China Minmetals Group in the field of new energy cathode materials, strengthening strategic cooperation with other advantageous industrial groups, and forming an industrial alliance with strong international competitiveness. It is conducive to the formation of keen industrial tentacles and strong talent reserves to extend to other emerging business areas of new energy.

"Click to sign up:" 2020 (Fifth) China International Nickel Cobalt Lithium Summit Forum "

To sign up for the Nickel Cobalt Lithium Summit or apply for entry into the SMM New Energy vehicle / Cobalt Lithium Industry Exchange Group, please scan the QR code below:

Cars batteries cobalt lithium new energy

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

22 hours ago

Silicon Metal Market Review for January and Outlook for February

In January, the silicon metal market experienced a relatively loose supply-demand balance, with a theoretical inventory buildup of approximately 30,000 mt. In February, both supply and demand contracted simultaneously, and the market is expected to show a tight balance or minor destocking. The current high industry inventory still requires time to be digested, and the sustainability of destocking remains a key variable affecting price trends and market sentiment.

22 hours ago

Feb 6, 2026 15:36

A plant in northern China is calling for bids for indium ingots and bismuth ingots

SMM, February 6 - According to SMM’s investigation of market information, a large smelter in northern China began public bidding for a certain quantity of indium ingots and bismuth ingots starting yesterday. Market sources indicate that the starting price for these indium ingots exceeds 4,000 yuan per kilogram, while the starting price for bismuth ingots is above 150,000 yuan per ton. The bidding results are expected to be announced before the Spring Festival. Market participants note that, given the clear trend of sluggish trading activity ahead of the Spring Festival, the timing of this bidding is not ideal. However, the relatively favorable starting prices have generated considerable market anticipation for the outcome of the bidding.

Feb 6, 2026 15:36

Feb 5, 2026 19:18

[SMM Analysis] Futures Lack Momentum to Rise Further, Pre-Holiday Demand Stalls, and Stainless Steel Social Inventory Accumulation Intensifies

Feb 5, 2026 19:18