[Lithium Battery: FSPG Technology Invests 300 Million Yuan To Increase Capital In Lithium Battery Separator Subsidiary]

On May 8, Cangzhou Mingzhu Plastic Co., Ltd. issued an announcement stating that it plans to invest in the construction of the Cangzhou Mingzhu South China Base project in Zengcheng District, Guangzhou City. This project has a total investment of approximately 3.38 billion yuan. The construction content includes the establishment of 8 new wet-process lithium battery separator production lines and 7 PE pipeline production lines, along with supporting production workshops, warehouses, office facilities, and auxiliary equipment for production, testing, environmental protection, and safety. It is designed to achieve an annual production capacity of 2.4 billion square meters of wet-process lithium-ion battery separators and 30,000 tons of PE pipelines.

On May 6, Hubei Huasheng Xianghe New Energy Materials Co., Ltd. underwent industrial and commercial changes, with BYD becoming a new shareholder, holding a 15% stake. At the same time, the company's registered capital increased from 600 million yuan to approximately 710 million yuan. Huasheng Xianghe is an important production base established by HSC Lithium in Central China, focusing on the research, development, and production of lithium battery electrolyte additives. Its core project is a 60,000-ton VC project (Phase I: 30,000 tons) with a total investment of approximately 950 million yuan. The project covers an area of approximately 230 mu and is currently progressing steadily.