Tongxing Technology (003027.SZ) plans to invest 3.2 billion yuan to build a project with an annual production capacity of 100,000 tons of sodium-ion positive electrode materials and 6GWh of battery cells.

China Fortune Finance and Economics APP News, Tongxing Technology (003027.SZ) announced that recently, the company has signed a "Investment Cooperation Framework Agreement for the Production of 100,000 Tons of Sodium Positive Electrode Materials and 6GWh Battery Cells per Year" with the People's Government of Pingshan County. The agreement stipulates that the company will invest in and construct a project in Pingshan County to produce 100,000 tons of sodium positive electrode materials and 6GWh battery cells per year, with a total planned investment of approximately 3.2 billion RMB.