Shulou(Shulou.com)11/24 Report--

Thank you, Mr. Air, a netizen of CTOnews.com, for your clue delivery! CTOnews.com December 8 news, Xinwanda announcement shows that Xinwanda signed a "Strategic Cooperation Agreement" with the people's Government of Yichun City on December 7. 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 government.

Xin Wanda said that the Yichun New Energy Base project, with an estimated total investment of 16.5 billion yuan, will plan and build a comprehensive recycling production line with annual output of 50,000 tons of lithium carbonate, 300000 tons of cathode and annual treatment of 50GWh in stages, and at the same time set up joint ventures with municipal mining and municipal state-owned enterprises to promote the settlement and construction of the project and ensure that the project is put into production at an early date.

CTOnews.com learned that Xin Wanda pointed out in the announcement that with the help of Yichun's mineral resources and preferential policies and the development opportunities of the new energy lithium industry, it is conducive to ensuring the supply of lithium resources upstream of the company, and has a positive impact on reducing the cost of upstream raw materials of the company. It is helpful to accelerate the upstream and downstream integration strategy of the company's new energy lithium materials, and improve the company's layout in the lithium industry chain. It will help to consolidate the company's leading position in the power battery industry, and further enhance the core competitiveness and profitability of the company's business, which is in line with the company's development strategy and overall interests.

In addition, Xinwanda said that the signing of this agreement will not have a significant impact on the company's financial position and operating results this year, and is expected to have a positive impact on the company's business development with the further deepening of cooperation between the two sides in the future. The signing of this agreement does not affect the independence of the company's business, and the company will not rely on the partner for the performance of this agreement.

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