LoMo and Billions: RMB 2 bln for 200 ktpy Li Battery Project

Shanghai Nonferrous Metals News

12^th August: Henan Longbai New Material Technology Co., Ltd., a wholly subordinate of LoMo and Billions Group, plan to invest RMB2 bln to build a 200 ktpy lithium-ion battery project. The project will be carried out in three phases, with a 5 ktpy lithium iron phosphate production line each for Phase I and II as well as a 10 ktpy lithium iron phosphate production line for Phase II.