INFUND HOLDING(SZ:002141)2022-12-03 10:26Group 1: Strategic Partnerships and Market Positioning - The company signed a strategic cooperation agreement with Bolivia's lithium industry authority, which is significant for its business expansion [2][4] - Bolivia holds the world's largest lithium reserves, with a total of 21 million tons, primarily located in the Uyuni and Coipasa salt flats [4][5] - The partnership aims to share resources, technology, and funding to create a complete lithium extraction and battery production industry chain [5] Group 2: Technological Advancements and Production Capacity - The company’s lithium extraction project in Huizhou has an annual capacity of 4,500 tons and commenced production on November 19, 2018 [5] - The company has developed several patented technologies, including initial extraction and enrichment methods, which are crucial for lithium production [5][6] - The production cost of lithium carbonate is reduced by 10% compared to similar domestic products, with a low loss rate of lithium during the process [7][8] Group 3: Future Development Plans - The company plans to expand its business into the lithium battery supply chain, focusing on resource recovery and recycling [10] - Future strategies include diversifying into industrial-grade lithium carbonate, battery-grade lithium carbonate, and lithium hydroxide [10] - The company aims to enhance its fine wire business by targeting high-end industries such as automotive and aerospace [11][12]