6.5 billion yuan! Longbai Group announced a large amount of investment in the construction of positive and negative materials projects within two days.

On the evening of December 1st, Longbai Group (002601) issued an announcement that in order to promote the high-quality development of Nanzhang county economy, speed up the adjustment of the company's industrial structure and the pace of industrial transformation and upgrading, and extend and strengthen the titanium industrial chain, the company and the Nanzhang County people's Government (referred to as "Nanzhang County Government") recently signed the Xiangyang Titanium Industry extension chain Investment Project Investment contract.

According to the contract, Longbai Group plans to invest 300000 yuan to build an annual production capacity of 150000 tons of battery-grade lithium iron phosphate project and titanium dioxide post-treatment expansion project (200000 tons / year).

Specifically, the project with an annual output of 150000 tons of battery-grade lithium iron phosphate is invested by Hubei Baili Wanrun New Energy Co., Ltd. (tentatively), a subsidiary of Longbai Group, with a total investment of 2 billion yuan, and an annual production line of 150000 tons of battery-grade lithium iron phosphate will be built in two phases. The first phase will build 150000 tons / year iron phosphate project, and the second phase will extend the construction of 150000 tons / year lithium iron phosphate project.

The expansion project of titanium dioxide post-treatment (200000 tons / year) is invested by Longbai Xiangyang Titanium Industry Co., Ltd., a wholly-owned subsidiary of Longbai Group, relying on the formed titanium dioxide production line and supporting public auxiliary projects and living facilities, with a total investment of 1 billion yuan. add 200000 tons / year titanium dioxide post-treatment production line.

Longbai Group said that the company signed an investment contract with the Nanzhang County government to further promote the layout of the company in the lithium battery material plate, enhance the company's comprehensive competitiveness and improve the company's profitability while strengthening the company's main business capacity.

It is worth noting that just the day before (November 30), Longbai Group also announced that Henan Bailey New Energy Materials Co., Ltd., a wholly owned subsidiary of the company, plans to invest 3.5 billion yuan to build an integrated project with an annual production capacity of 200000 tons of lithium-ion battery anode materials. The project is divided into three phases, the first phase and the second phase respectively build a production line with an annual capacity of 50, 000 tons of graphite anode materials for lithium-ion batteries, and the third phase builds an annual production line with an annual capacity of 100000 tons of graphite anode materials for lithium-ion batteries.

Combing through the battery network, it is found that the new energy battery materials projects under construction and layout of Longbai Group include 100000 tons of iron phosphate project of Xiangyang base, 200000 tons of lithium iron phosphate project of Qinyang base, 100000 tons of battery negative electrode of Jiaozuo base, 200000 tons of iron phosphate project, and the above new lithium iron phosphate and graphite anode material projects. after all the projects have been completed and put into production, The company will form iron phosphate, lithium iron phosphate, graphite negative electrode with a total capacity of 1.1 million tons of new energy materials.

As the sales of new energy vehicles continue to refresh institutional expectations, the market demand for power batteries continues to rise, and the material side also ushered in a strong demand at the same time:

Changjiang Securities recently reported that lithium iron phosphate is the strongest demand logic link in the current lithium power main materials industry chain. The domestic output and installation of lithium iron in 2021 will break through the 50% mark in the middle of the year. It is estimated that the proportion of lithium iron phosphate for passenger cars in China will exceed 50% from 2021 to 2023. The application of overseas lithium iron phosphate is expected to accelerate around 2023, and the proportion of global lithium iron phosphate is expected to tend to 40% in 2025.

According to the latest research and analysis of Everbright Securities, as one of the four key main materials of lithium-ion battery, anode material is an indispensable part of the lithium-ion battery industry chain, while graphite anode material because of its low cost and excellent comprehensive performance, determines that its proportion in the field of lithium-ion battery is increasing year by year.