Recently, Xiamen held a grand ceremony for the commencement and completion of major projects of the Investment and Trade Investment Fair, among which Xiamen Torch High-tech Zone was full of highlights, ushering in the milestone moment of 10 newly started projects and 2 completed projects, with a total investment scale of about 19.2 billion yuan. What is particularly striking is that the Xiamen lithium iron phosphate project of Shengtun Group was officially launched on the same day, with a total investment of about 3.1 billion yuan, located in the Xiang'an area of Tongxiang High-tech City.

The project aims to build a lithium iron phosphate production base with an annual production capacity of 200,000 tons, marking the first physical investment project of Shengtun Group in Xiamen. As the core cathode material of lithium batteries, lithium iron phosphate plays a key role in promoting the development of power batteries and energy storage technology. The entry of this project of Shengtun Group not only adds strong support to the upstream supply chain to the existing new energy industry ecology in Xiamen, but also helps to strengthen and improve the construction of the new energy industry chain and realize the effect of strengthening the chain of the industry.

Mr. Chen Dong, Chairman and President of Shengtun Group, said that the Group has high hopes for the project, and expects to provide a stable and high-quality supply of new energy materials for new energy enterprises in Xiamen and its surrounding areas through the project, and further consolidate and expand the competitive advantage of the regional new energy industry. He pointed out that Xiamen has brought together many leading enterprises in the new energy industry, including CATL, China Innovation Airlines, Haichen Energy Storage, etc., forming a significant industrial agglomeration effect. Shengtun Group will make full use of its own resources and advantages, and work together with these leading enterprises to jointly promote the development of Xiamen's new energy industry in a higher quality and more sustainable direction.

Shengtun Group's Xiamen lithium iron phosphate project will be constructed in phases and is expected to be fully completed and put into production and operation in the fourth quarter of 2026. After the project is fully put into production, it is expected to achieve an annual output value of up to 6 billion yuan, making an important contribution to the development of the new energy industry in Xiamen and even the whole country.Editor/Jiang Mingyue