On July 13, Jinpu Titanium Industry (000545) announced that its wholly-owned subsidiary, Nanjing Titanium Dioxide, plans to cooperate with Lanzhou Jinchuan Science and Technology Park Co., Ltd.(referred to as Jinchuan Science and Technology Park) and Gansu Nickel Capital Industry Investment Fund (Limited Partnership)(referred to as Nickel Capital Industry Fund) to jointly invest and establish Gansu Jinlin Lithium Battery New Materials Co., Ltd. to accelerate the development of the new energy business sector.
It is understood that Gansu Jinlin Lithium Battery New Materials Co., Ltd. has a registered capital of 500 million yuan. Among them, Jinchuan Science and Technology Park invested 400 million yuan, and Nanjing Titanium Dioxide and Nickel Capital Industry Funds invested 50 million yuan respectively. After the establishment of the company, it plans to build a 200,000-ton/year lithium iron phosphate project. During the project construction process and after completion, priority will be given to testing, evaluating, and purchasing the iron phosphate of Anhui Jinpu New Energy Materials Technology Development Co., Ltd., a subsidiary of Nanjing Titanium Dioxide Holding Company. products.
Jinpu Titanium said that this foreign investment will help accelerate the development of the company's new energy business sector, strive to promote the company's new energy battery material integration project products to lock in the market in advance, optimize resource allocation in terms of technology, market, resources, etc., and enhance Market competitiveness and improve the company's comprehensive strength and profitability.
