On December 7, 2022, Xinwangda and Yichun Municipal People's Government signed a strategic cooperation agreement. The two sides agreed to jointly build an industrial chain system from lithium carbonate production, key materials of lithium batteries to lithium battery recycling within the jurisdiction of Yichun Municipal People's Government, so as to help the development of Yichun's lithium battery new energy industry and accelerate the building of the industrial layout of "five bases and one center".

The Xinwangda Yichun New Energy Base Project is expected to have a total investment of 16.5 billion yuan. It will plan to build a comprehensive recycling production line with an annual output of 50000 tons of lithium carbonate, 300000 tons of positive electrode and an annual treatment of 50GWh by stages. At the same time, a joint venture company will be established with the municipal mining industry and municipal state-owned enterprises to fully promote the settlement and construction of the project and ensure that the project can be put into operation as soon as possible.

In the future, under the continuous guidance and support of Yichun municipal governments and leaders at all levels, Xinwangda will integrate superior resources, form an excellent team, adhere to the concept of intelligence, livability and nature, build Yichun New Energy Industrial Base into a highly intelligent, automated and environment-friendly green industrial base, and vigorously promote the high-quality and high-speed development of Yichun lithium battery new energy industry. Editor/Zhao E