Longpan Technology (603906.SH) plans to invest no more than 500 million yuan to build a global headquarters and artificial intelligence innovation center for new energy materials

Zhitong Finance App News, Longpan Technology (603906.SH) issued an announcement. In order to meet the company's future development plan's needs for business sites, promote the deep integration of artificial intelligence and new energy materials, build specialized innovative R&D carriers, and further optimize the company's resource allocation and promote the company's steady and sustainable development, the company plans to invest in the construction of a global headquarters and an AI smart innovation center for new energy materials, with an investment amount of no more than 500 million yuan.

Since the company set up the lithium battery cathode materials business, the scale of operation has continued to expand. In order to support long-term business development, the company continues to increase R&D investment in new materials and lithium battery materials. Currently, the company's operating and R&D facilities are limited, which can no longer meet the needs of the company's growing business. The implementation of this investment project can effectively solve the problems of insufficient R&D and office space caused by the company's business growth, and provide a strong guarantee for the implementation of the company's long-term development strategy. It is conducive to further enhancing the company's R&D capabilities, enhancing core competitiveness, improving the company's management efficiency, shaping a good corporate brand image, ensuring the company's talent supply and talent stability, and promoting the company's long-term sustainable development.