Longpan Technology announced that the company's holding subsidiary Changzhou Lithium Source New Energy Technology Co., Ltd. plans to sign a cooperation agreement with the Jiangsu Jintan Hualuogeng High-tech Industrial Development Zone Management Committee to invest in the construction of a high-performance lithium battery cathode material project. The total planned investment of the project is no more than 2 billion yuan. The source of funding is the company's own funds or self-financing. The project is being implemented in two phases. The first phase plans to build 120,000 tons, and the estimated construction period is 9 months. The main product of the project is lithium iron phosphate. The company promised that construction of the project will begin in the first quarter of 2026 and be completed and put into operation in the third quarter of 2026. The production capacity of the first phase of the project will not be less than 120,000 tons/year after completion.

Longpan Technology announced that the company's holding subsidiary Changzhou Lithium Source New Energy Technology Co., Ltd. plans to sign a cooperation agreement with the Jiangsu Jintan Hualuogeng High-tech Industrial Development Zone Management Committee to invest in the construction of a high-performance lithium battery cathode material project. The total planned investment of the project is no more than 2 billion yuan. The source of funding is the company's own funds or self-financing. The project is being implemented in two phases. The first phase plans to build 120,000 tons, and the estimated construction period is 9 months. The main product of the project is lithium iron phosphate. The company promised that construction of the project will begin in the first quarter of 2026 and be completed and put into operation in the third quarter of 2026. The production capacity of the first phase of the project will not be less than 120,000 tons/year after completion.