Batian Ecotypic Engineering Intends to Invest 100 Million yuan to Establish a Subsidiary to Produce Iron Phosphate Products

Published: Nov 5, 2021 17:25

Save

Batian Ecotypic Engineering intends to invest 100 million yuan to invest in its wholly-owned subsidiary Batian New Energy Materials in an effort to engage in the production of iron phosphate and related supporting engineering business.

SHANGHAI, Nov 5 (SMM)—Batian Ecotypic Engineering intends to invest 100 million yuan to invest in its wholly-owned subsidiary Batian New Energy Materials in an effort to engage in the production of iron phosphate and related supporting engineering business.

According to announcement, the rapid penetration of NEVs has boosted the demand for new energy batteries. LFP batteries have become one of the mainstream choices of lithium batteries amid obvious advantages in terms of cycle life, safety, and cost. The company has obtained the mining right of the Xiaogaozhai Phosphate Mine in Weng'an County, Guizhou Province in May 2020, which is currently establishing the mine. The company plans to extend its product lines to downstream producers in order to meet future market needs.

With its unique advantages, Batian New Energy will produce iron phosphate and related by-products. According to previous data, the installed capacity of ternary batteries was 6.14GWh in September, and the total installed capacity of LFP batteries was 9.54Wh, which has exceeded ternary battery for three consecutive months. LFP batteries with lower cost and higher safety are replacing ternary batteries and will become the mainstream of motive power batteries in the future.

Batian Ecotypic Engineering iron phosphate

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

9 hours ago

Beijing Launches 500-kV Power Project in Fengtai, Boosting Grid Resilience and Industrial Growth

On January 28th, the construction of the 500-kilovolt power transmission and transformation project in Fengtai, Beijing officially started. This project is the first newly-built 500-kilovolt power grid project in Beijing during the 15th Five-Year Plan period. It will significantly enhance the resilience and power receiving capacity of the southern Beijing power grid and provide reliable power support for Beijing to continuously optimize the investment structure and vigorously develop high-end, precise, and cutting-edge industries. The 500-kilovolt power transmission and transformation project in Fengtai, Beijing is a key project of Beijing's power grid during the 15th Five-Year Plan period and one of the "3 100" key projects in Beijing this year. It is constructed and managed by the State

9 hours ago

Shaanxi-Anhui UHV DC Project's 500-kV AC System at Hezhou Station Begins Operation After Trial Run

On February 1st, the 500-kilovolt AC system of the Hezhou Converter Station, the receiving-end station of the ±800-kilovolt UHV DC power transmission project from northern Shaanxi to Anhui, was officially put into operation after a 24-hour trial run.

9 hours ago

750-kV Power Line Connecting Northern to Central Shaanxi Fully Operational

On February 2nd, the 750-kilovolt power transmission and transformation project of the third passageway from northern Shaanxi to central Shaanxi was fully connected. The project starts from the 750-kilovolt Shuofang Substation in Shenmu City in the north and ends at the 750-kilovolt Bailuyuan Substation in Lantian County in the south. It has newly built a 1,271-kilometer line, passing through 18 counties (districts) in 4 cities including Yulin, Yan'an, Weinan and Xi'an.

9 hours ago