Core Viewpoint - The company Fulin Precision announced significant investment plans through its subsidiary Jiangxi Shenghua New Materials, focusing on the construction of three major projects in Inner Mongolia, with a total investment of approximately 8.7 billion yuan aimed at enhancing its competitiveness in the new energy materials industry [2][3][4]. Group 1: Investment Projects - Jiangxi Shenghua will collaborate with the governments of Yijinhuoluo and Wushenqi to establish a 500,000-ton high-end lithium iron phosphate project, with a total investment of 6 billion yuan [3]. - The lithium iron phosphate project will be implemented by a newly established project company, covering an area of about 568 acres, with a construction period of 12 months [3]. - Two precursor material projects, including a 400,000-ton oxalic acid project and a 600,000-ton ferrous oxalate project, will also be developed to secure raw material supply for the lithium iron phosphate project, with total investments of 1.2 billion yuan and 1.5 billion yuan respectively [4][5]. Group 2: Strategic Importance - The investments are driven by the increasing demand for high-performance lithium iron phosphate batteries in the energy storage market, aiming to expand product and capacity scale while ensuring upstream raw material supply [7]. - The projects are expected to solidify the company's position in the lithium iron phosphate cathode industry and enhance its core competitiveness and sustainable development capabilities [7].
富临精工加码新能源领域,连投三大项目总投资87亿元