Xiangtan Electrochemical Scientific (002125.SZ) holding company partially launched a production line trial operation for the 30,000-ton spinel lithium manganese oxide battery material project.

Xiangtan Electrochemical Science (002125.SZ) announced that, in order to further deepen its industrial layout, the company has started planning the "Annual production of 30,000 tons of ternary lithium manganese oxide battery material project" to begin in 2023. The project is being implemented by Xiangtan Lijin New Materials Co., Ltd., a wholly-owned subsidiary of Guangxi Lijin New Materials Co., Ltd., as the main entity, with the project located in Heling Town, Yuhu District, Xiangtan City. Currently, the main construction of the first phase of the project, a production line with an annual capacity of 20,000 tons of ternary lithium manganese oxide, has been completed and put into trial operation. This project is an important measure taken by the company based on its confidence in the industry's development and the company's development strategy needs, to implement structural adjustments, industrial upgrades, and energy conservation. The process design of this project fully considers the important links in the production process of power-type lithium manganese oxide and is customized. The new production line has strong adaptability for the production of power-type lithium manganese oxide and has upgraded the main production equipment, resulting in higher equipment operation efficiency and automation level. The completion of this project will help to further improve manufacturing efficiency and quality, and enhance the company's market competitiveness. After the first phase production line of Xiangtan Lijin officially operates, the company's annual production capacity of lithium manganese oxide will reach 40,000 tons, and the company will gradually release production capacity according to customer demand and market conditions.