Xingfa Group: plans to invest 1.381 billion yuan to build a 100,000-ton/year battery-grade lithium iron phosphate project.

Xingfa Group Announcement: In order to further improve the company's layout in the new energy industry, expand product variety, enhance the market influence and comprehensive competitiveness of the new energy industry, the company's wholly-owned subsidiary Inner Mongolia Xingfa Technology Co., Ltd. plans to invest 1.381 billion yuan to build a 100,000 tons/year battery-grade lithium iron phosphate project.