[Shangtai Technology plans to invest over 4 billion yuan to establish a negative electrode] The field of lithium battery negative electrode materials has seen significant investment. Shangtai Technology (001301) announced on the evening of November 10th that the company plans to invest in and construct a project with an annual output of 200000 tons of lithium-ion battery negative electrode materials in the Shanxi Comprehensive Reform Demonstration Zone, with an estimated total investment of about 4.07 billion yuan. According to the announcement, Shangtai Technology has recently held a board meeting to review and approve the investment matter, agreeing to sign relevant investment agreements with the Shanxi Comprehensive Reform Demonstration Zone Management Committee and establish a project company to promote construction. The project will use its own or self raised funds to build a new production base within the jurisdiction of the demonstration zone. The company stated that this investment is based on the analysis of changes in the demand of its main customers and is being implemented on the basis of sufficient market research. After the project is put into operation, it will significantly enhance the supply capacity of the company's high-performance and differentiated negative electrode material products, help deepen strategic cooperation with core customers, further expand market share, consolidate market position, and comprehensively enhance the overall competitiveness of the enterprise. This large-scale production capacity layout demonstrates Shangtai Technology's firm confidence in the market prospects of lithium battery negative electrode materials, and will also provide important support for the improvement of China's lithium battery industry chain and the development of the new energy vehicle industry. Editor/Yang Beihua

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