Longpan Technology expands into new energy field

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Longpan Technology successfully entered the new energy field by acquiring 70% of the shares of Jiangsu Ruilifeng New Energy Technology Co., Ltd. In 2021, the company invested 844 million yuan to acquire all the shares of Tianjin BTR Nano and Jiangsu BTR Nano, further consolidating its position in the lithium iron phosphate cathode material business.