Hengchuang Nano, a leading company in the field of lithium iron manganese phosphate production, will complete the construction of a 10,000-ton production line by the end of April 2024. Hengchuang Nano's main products are lithium iron manganese phosphate (LMFP), with its main customers being top electric two-wheeler manufacturers, consumer electronics companies, and producers of power batteries for new energy vehicles. By the end of 2022, the company's first phase production line with an annual output of 5,000 tons will be put into operation. In 2023, the shipment volume will exceed 1,000 tons, with a market share exceeding 50%. By the end of April 2024, Hengchuang Nano's annual production capacity of LMFP will reach 10,000 tons, and the company's first phase base will have a production capacity of 15,000 tons of LMFP.