Project name: Lithium battery material production
Project overview: This project is based in the Shuicheng Economic Development Zone, Liupanshui, Guizhou province, and involves the construction of production lines and facilities for cathode materials including lithium cobalt oxides, LiFePO4, lithium manganate and ternary materials.
Total investment: 1 billion yuan ($141.4 million)
Preferential policy: Eligible for incentives within both western development policies and real economy development policies in Shuicheng county.
Data from the bureau of commerce and investment promotion in Baiyun district, Guiyang city, showed that, using the advantage of one of the provincial industrial parks, the project has attracted
infrastructure investment of up to 6.83 billion yuan, and 600,000 square meters of standard factory buildings have been completed as of April, 2019. At the same time, nearby airports and highways lend further geographical advantages to the project, providing better access to other cities within Guizhou province, and even to other parts of China.
In addition, its infrastructure has been increasingly improved, as evidenced by sufficient electricity supply and reserves of skilled workers – new power stations are equipped with an installed capacity of 3.317 million kilowatts, accompanied by two 220 kilovolt substations as well as two 110 kV substations; local vocational schools also offer a steady influx of talents.
The project has benefited a lot from relevant policies in local areas, which have fostered the creation of production lines of manganese sulfate with an annual capacity of 30,000 tons, and in turn provided abundant raw materials for the project.
According to data from the bureau of commerce and investment promotion in Baiyun district, investment in the project is characterized as joint venture, sole proprietorship and their combination. After completion, it is expected to achieve a total revenue of 1.5 billion yuan and a net profit of 0.2 billion yuan. The payback period is about five years.
Project authority and contact information:
Project authority: Shuicheng county bureau of industry and information technology
Contact person: Ran Qian
Tel: (+86) 13158185110 or (+86) 0858-8933022