Rongtong Hi-Tech 2021 Lithium Iron Phosphate cathode material expanded to 100000 tons vowed to build the largest production base of lithium battery materials in China.

SMM Jan 12: 2021 is the year when the lithium electricity industry erupts. The prices of a number of lithium-related products, including lithium carbonate, lithium hydroxide and lithium iron phosphate, ternary precursors and electrolytes, have reached an all-time high in the past three years. Therefore, the every move of the enterprises related to the lithium industry chain has attracted more and more attention from the industry, and with the continuous improvement of the application proportion of lithium iron phosphate in the battery end, the importance of related enterprises involved in lithium iron phosphate is self-evident. Hubei Rongtong Hi-Tech is one of them.

According to public data, Hubei Rongtong Hi-Tech has a registered capital of 513 million yuan and plans to build 140000 tons of lithium iron phosphate cathode materials. The new energy lithium battery cathode material project invested by the company was put into production in 2018, invested more than 2 billion in 2021, completed the second phase of the industrial park and started the third phase of the project. In 2021, the capacity of the lithium battery cathode material project has also been expanded from 10, 000 tons in 2020 to 100000 tons, currently ranking in the top three in the industry.

It is reported that, as a leading innovator of lithium battery basic materials in China, the product performance index of the 10,000-ton nanometer lithium iron phosphate material production line put into production in the first phase of Hi-Tech has reached the advanced level in China. After five years of construction, lithium iron phosphate produced by Rongtong Hi-Tech has also expanded from 10, 000 tons in 2018 to 100000 tons today, and the Daye base is expected to expand to 145000 tons in 2022.

Rongtong Hi-Tech revealed that its sales volume will exceed 1 billion yuan in 2021, and the figure is expected to reach 10 billion yuan in 2022. It is expected to build the largest production base of lithium battery materials in China and the world in Daye in the next five years.

Under the double-carbon beautiful vision of "carbon peak, carbon neutralization", Rongtong Hi-Tech is also constantly innovating and actively participating in innovation and research and development. Your company is, at present, the amount of investment in the industry has reached 5 billion yuan. Within three years, it is necessary to invest 20 billion yuan to make the company's output of lithium iron phosphate one of the top two in the world.