On June 6, 2023, Linwu County, Chenzhou City, Hunan Province signed a contract with Shenzhen Qinya Holding Group Co., Ltd. for the lithium-ion battery cathode material project, with a total investment of 8 billion yuan. The signing of the project will inject new strong momentum into the development of the entire lithium battery industry chain in Linwu County.

The lithium-ion battery positive electrode material project signed this time is planned to be divided into four phases to build a production line with an annual output of 200000 tons of lithium-ion battery positive electrode materials. The first phase is planned to cover an area of 200 acres and build a production line with an annual output of 50000 tons of lithium iron phosphate positive electrode materials, with an investment of 2 billion yuan. The project aims to be completed and put into operation by May 2024.

Qinya Holdings Group is a comprehensive investment group dedicated to new energy industry projects. It will also collaborate with Shanghai Anneng and Ganfeng Lithium Industry to build a lithium-ion battery full industry chain project, and jointly build a full life cycle industry chain of "lithium ore lithium carbonate cathode material lithium battery lithium battery recycling", forming a synergistic effect of industrial alliances. Editor/Zhao E