Yarong Technology invested 1.49 billion yuan to build a lithium battery cathode material project with an annual output of 20,000 tons
Release time：
Oct 06,2019
Recently, Jilin Yarong Technology Co., Ltd. (hereinafter referred to as "Yarong Technology") invested 1.49 billion yuan to build a lithium battery cathode material research and development and production base project with an annual output of 20,000 tons officially signed in Jilin Economic Development Zone.
The project has a total investment of 1.49 billion yuan and covers an area of 300,000 square meters. The annual output of nickel manganese cobalt oxide lithium is 20000 tons/year, cobalt sulfate is 1890 tons/year, copper sulfate is 1310 tons/year, and zinc sulfate is 1034 tons/year. Process production line and public auxiliary facilities for production and living. After completion, it is estimated that the sales revenue will be 3.154 billion yuan, the profit will be 330 million yuan, and the tax will be 110 million yuan.
At present, the registration of the new company has been completed, and the EIA has entrusted the preparation of the EIA report and proceeded with the control procedures. The next project will be promoted by various functional departments to strive to enter the construction phase as soon as possible.
Yarong Technology is a domestic manufacturer specializing in the production of nickel-metal hydride batteries and lithium-ion battery cathode materials. It was established in 1997 and successfully entered the National Small and Medium-sized Enterprise Share Transfer System (New Third Board) on July 1, 2015. In 2014, the company invested 125 million yuan to build a battery material production base with a total area of 35,000 square meters, forming a whole industry chain integrating product development, raw material pretreatment, liquid preparation, synthesis, sewage treatment and battery material testing.
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