Shanshan Co., Ltd. plans to invest 8 billion yuan to set up an integrated base of anode materials for lithium-ion batteries with an annual output of 200000 tons.

600884.SH announced that its board of directors approved that its subsidiary Shanghai Shanshan Lithium material Technology Co., Ltd. should set up a project company in Meishan, Sichuan, and invest in the construction of an integrated base project with an annual capacity of 200000 tons of lithium-ion battery anode materials (hereinafter referred to as "the project"), with a total planned fixed asset investment of about 8 billion yuan.

The total construction period of the project is expected to be 32 months, divided into two phases with a production capacity of 100000 tons each, and the construction period of the first phase of the project is expected to be 16 months (from the date of obtaining the construction license of the first phase of the project). The construction cycle of the second phase of the project is expected to start after the completion of the construction of the first phase of the project and obtaining the relevant construction permits).

It is reported that this project is in line with the future development prospects of the lithium new energy industry and the company's strategic development plan for the business of anode materials. After the project is completed, it will help to make up the capacity gap of the company's anode materials in the next few years, respond quickly to customer demand, increase market share, and strengthen the company's leading position.

According to the announcement, the project is a negative material production line that integrates the five major processes of raw material processing, low temperature modification, graphitization, carbonization and finished product processing, superimposing Sichuan's rich local clean energy of hydropower and electricity price advantages. will effectively reduce production costs and improve product profitability. At the same time, Sichuan is one of the main starting points of the China-Europe train, and the location of Sichuan will help the company to rely on local railway transportation, actively expand the European market and ensure the supply of overseas business.