The total investment is 12 billion! The project of Bangsheng Group with an annual output of 200000 tons of lithium iron phosphate is located in Ningxiang High-tech Zone.

According to information from Ningxiang High-tech Zone, the signing ceremony of lithium iron phosphate project between Ningxiang High-tech Zone and Hunan Bangsheng Industrial holding Group Co., Ltd. was held on the morning of August 30. The project is located in Ningxiang High-tech Zone, with a total investment of 12 billion yuan, including 3 billion yuan in fixed assets, with an annual output of 200000 tons of lithium iron phosphate and 40 production lines.

It is reported that at present, the market of lithium iron phosphate is in short supply, with a market price of about 5160,000 yuan per ton. At the same time, the lithium iron phosphate industry project is a typical capital-intensive and technology-intensive "dual project". In addition to solid investment, Synchronize also needs to raise 2-3 times the cash to purchase raw materials. The project is in all-round and in-depth cooperation with Central South University, relying on the scientific research achievements of Lithium electricity "Huangpu military Academy" of Central South University, and adopting domestic leading preparation technology to produce high-performance lithium iron phosphate cathode materials. the product market is mainly for Ningde era, BYD and other domestic top battery enterprises.