Hunan Yuneng plans to set up an investment company in Singapore and build a lithium battery cathode material project in Spain with an annual output of 50,000 tons

Hunan Yuneng announced that in order to cope with the rapid development of the new energy vehicle industry overseas, especially in Europe, and the growing demand for lithium iron phosphate cathode materials, the company plans to set up new investment projects overseas. Specifically, Hunan Yuneng will set up an investment company in Singapore, and then the investment company will set up a project company in Spain to invest in the construction of a project with an annual output of 50,000 tons of lithium battery cathode materials. The total investment of this project is expected to be about RMB 982 million.