According to the Qingdao Municipal People's Government, two large steel structure factories for the Xinyuan lithium battery anode material project located in Nanshu Town, Laixi City have achieved main completion.
The project is located in the Nanshu Graphite New Material Industry Agglomeration Zone, invested and constructed by Qingdao Xinyuan New Material Technology Co., Ltd. It covers an area of 200 acres and has a total investment of Yuan 1.08 billion, focusing on the research and mass production of anode materials for electric vehicle power batteries. The project is expected to be completed and put into operation by the end of the year. After reaching full capacity, the annual production capacity is expected to increase from the original 20,000 tonnes to 100,000 tonnes, with an annual output value of up to Yuan 1 billion and a profit and tax of Yuan 70 million.
Edited by Cassie Li, lixiangying@mysteel.com
