On April 15, 2024, Xinjiang Jiuchen New Material Technology Co., LTD., with a total investment of 4 billion yuan and an annual output of 100,000 tons of lithium manganese iron phosphate cathode material construction project, began to lay the foundation stone in Huocheng County New Material Industrial Park in Xinjiang Yili Kazak Autonomous Prefecture.

According to the news of Yili Financial Media Center, on April 15, Xinjiang Jiuchen New Material Technology Co., LTD., with a total investment of 4 billion yuan, an annual output of 100,000 tons of lithium manganese iron phosphate cathode material construction project, began to lay the foundation stone in Huocheng County New material Industrial Park in Yili Kazakh Autonomous Prefecture, Xinjiang.

It is understood that the first phase of the project will start construction in April 2024, and it is planned to build two lithium ferromanganese phosphate production lines and put into operation by the end of the year; The second phase plans to build two lithium ferromangmanganese phosphate production lines and two precursor production lines and put into operation in 2025. The lithium manganese iron phosphate produced by the project is an upgrade material for the positive electrode material of the power battery lithium iron phosphate. Compared with lithium iron phosphate, the energy density increases by about 25%, and the cost only increases by about 5%. It is mainly used in the field of new energy vehicle batteries and energy storage batteries.

Liu Yaming, president of Xinjiang Jiuchen New Material Technology Co., LTD., said: "The project covers an area of 308 acres, a construction area of 150,000 square meters, the main production of new energy cathode materials, the second phase will be a new battery factory, a total investment of 4 billion yuan, annual sales are expected to reach 15 billion yuan, can drive 400 to 600 people employed." After the completion of the project, we will introduce the supply chain enterprises of the industrial chain into Huocheng, and make every effort to open up the upstream and downstream of the industrial chain to help the high-quality economic development of Huocheng." Editor/Wang Tian