Hubei Xingyou New Energy Technology Co., Ltd.'s 300,000 tons of battery-grade lithium iron phosphate project located in Yidu, Hubei, officially went offline on September 2nd. The first phase of the project, with an annual output of 100,000 tons of lithium iron phosphate, was put into trial production in August and officially went offline in September. The 300,000 tons of battery-grade lithium iron phosphate project of Hubei Xingyou New Energy Technology Co., Ltd. is located in Baishahe Industrial Park, Xingshan County. The project started construction in 2022 and is expected to be completed and put into production in 2025, with an output of 80,000 tons in the first phase. The lithium iron phosphate project is responsible by Xingyou (Xingfa 51%, Huayou 49%), and the lithium iron phosphate project is responsible by Youxing (Huayou Holding New Implementation Subject 51%, Xingfa 49%).