Hengdian Dongji: the annual production of 148 million high-performance lithium batteries has been basically put into production.

SMM8 March 16: Hengdian East Magnetic announced that the company's annual production of 148 million high-performance lithium battery project has been completed and put into production. The project is in line with the company's strategic deployment of "developing energy". After reaching full production, the total capacity of lithium battery is about 2.5GWh.

The investment of the project is estimated to be 612.38 million yuan, of which 492.38 million yuan will be invested in fixed assets and 120 million yuan in working capital. After the project is completed and put into production, it is expected to achieve an additional annual sales income of 803.3 million yuan and a total annual profit of 110.77 million yuan.

With the gradual release of new production capacity, it will further enhance the market competitiveness and profitability of the company's lithium battery industry, so as to enhance the development stamina of the company's lithium battery industry.