Lithium iron phosphate enterprises are facing difficulties, Anda Technology transfers equity of joint venture

With the downturn in the lithium iron phosphate market, lithium iron phosphate companies are experiencing a difficult period of high production costs, low processing fees and weakened profitability. Against this background, Anda Technology chose to transfer its joint venture equity to concentrate resources and shrink production capacity to help the company survive the industry cycle. This move may help the company remain competitive in a highly competitive market environment.