Hubei Snow New Materials Project Phase I successfully delivered power and started trial production

On June 2, the first phase of the Hubei Snow New Materials Project located in the High-tech Zone of Suizhou City, Hubei Province, successfully achieved power transmission and material trial production. The total investment of the project is RMB 3 billion. The first phase covers an area of ​​about 305 acres. A new production line with an annual output of 100,000 tons of new energy power battery negative electrode materials and related supporting facilities will be built. On January 19 this year, the project successfully completed the ignition test of the low-temperature carbonization workshop. It is expected that after the project is put into production, the annual output will reach 100,000 tons, and the output value will reach RMB 4.2 billion.