Ningde era invested in the construction of Bang Pu Integrated Battery material Industry Park in Yichang.

On October 12, Ningde Times holding subsidiary Guangdong Bangpu and its holding subsidiary Ningbo Bangpu Times signed cooperation agreements with Yichang Municipal Government, Yichang High-tech Zone Management Committee and Hubei Yihua Group respectively. Li Changdong, chairman of Guangdong Bangpu Recycling Technology Co., Ltd., and Wang Yinghua, vice mayor of Yichang City, signed the agreement on behalf of both sides. Hubei Provincial Party Committee Secretary Ying Yong, Governor Wang Zhonglin, Vice Governor Cao Guangjing, Yichang Municipal CPC Committee Secretary Wang Li and Ningde time Chairman Zeng Yuqun witnessed the signing.

According to the agreement, Ningde Times holding subsidiary Guangdong Bangpu and its holding subsidiary Ningbo Bangpu Times plan to invest no more than 32 billion yuan in the High-tech Zone of Yichang City, Hubei Province, with new energy vehicle power battery cathode materials as the core. cover the battery life cycle and build a production base that integrates multi-link business such as "phosphate rock-raw materials-precursors-cathode materials-battery recycling".

The Bang Pu Integrated Battery material Industry Park project will help to further improve the strategic layout of the lithium power new energy industry in Ningde era, give full play to the advantages of industrial coordination, ensure the supply of battery materials, and build the cycle system of the battery industry chain.

In the future, Ningde era will give full play to the scientific and technological advantages of leading enterprises and the leading function of high-end industry, play a complementary, extended and strong chain role in building trillion-class automobile industry clusters in Hubei, and contribute to the comprehensive green transformation of Hubei's economic and social development.

Before the signing ceremony, Hubei Provincial Party Secretary Ying Yong and Governor Wang Zhonglin met with Ningde time Chairman Zeng Yuqun and his entourage.