Annada Subsidiary to Invest $470M in Battery-Grade Iron Phosphate Project

Published: Jul 20, 2026 09:18

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On July 17, Annada (002136.SZ) announced that its wholly-owned subsidiary, Tongling Huatai New Energy Materials Co., Ltd., plans to invest 3.298 billion yuan in the construction of the “New Energy Materials — 300,000 mt Battery-grade Iron Phosphate Integrated Project.” The project’s main construction content includes a 300,000 mt/year battery-grade iron phosphate production unit and a 150,000 mt/year rutile titanium dioxide production unit, along with supporting public works, auxiliary facilities, and environmental protection facilities. The planned total investment of the project is 3.298 billion yuan, funded through various sources such as self-owned funds and bank loans, with a construction period of 18 months.

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