Is the 150,000-ton project in Yichun, which the company recently started to invest in, a lithium iron phosphate project built for CATL's production capacity planning in Yichun?

Fulin Precision: Hello, the company invested in the construction of the "150,000 tons per year new high-pressure compacted lithium iron phosphate and supporting main materials integrated project" in Yichun Economic Development Zone to further meet the rapidly growing supporting needs of downstream customers for new high-pressure compacted lithium iron phosphate positive electrode materials. By expanding production capacity, the company's market position will be consolidated as soon as possible, achieving economies of scale, and further enhancing the company's profitability and overall competitiveness. Thank you for your attention!