【150,000 mt artificial graphite anode project commences!】The on-site promotion meeting for the concentrated commencement of Baofeng ESS cathode, anode, and electrolyte plant, as well as Baofeng Energy's Phase IV olefin new materials project, was grandly held at the Ningdong Base. The total investment scale of the projects commenced this time amounts to RMB 31 billion. Upon full completion and operation, these projects are expected to achieve an annual total industrial output value of RMB 49 billion and create nearly 10,000 social jobs. Baofeng's new-type energy storage and other projects, with an investment of RMB 10.5 billion, will accelerate the progress towards reaching full production of projects including the annual production of 250,000 mt of LFP cathode materials, 150,000 mt of artificial graphite anode materials, 170,000 mt of electrolyte materials, 100 GWh lithium batteries, energy storage systems, and ESS power stations, and will basically form a new-type energy storage material production site based in Ningxia, radiating across north-west China, and serving the entire country.