Yaoning New Energy invests in new lithium iron phosphate battery project to expand production capacity

Yaoning New Energy plans to invest approximately RMB 10.37 billion to build a 12GWh lithium iron phosphate battery project in Yueyang, Hunan. After completion, the project will further expand Yaoning New Energy's production capacity to meet the growing market demand. At the same time, this also reflects Yaoning New Energy's confidence in lithium iron phosphate battery technology and its long-term optimism about the new energy vehicle market.