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On November 1st, Huyang Town, Shanghang County, Longyan City, Fujian Province successfully signed a project on the recycling and regeneration utilization of retired power lithium batteries with Fujian Fangda Technology Co., Ltd. The total investment of this project is 250 million yuan, and the planned land area is approximately 50 mu.

According to the news released by the "People's Government of Huyang Town", on the afternoon of November 1st, at the centralized signing ceremony of the first batch of projects for attracting investment through public bidding in Shanghang County, Longyan City, Fujian Province, Huyang Town, Shanghang County successfully signed a new lithium battery materials project - the project on the recycling and regeneration utilization of retired power lithium batteries with Fujian Fangda Technology Co., Ltd.

It is introduced that the total investment of this project is 250 million yuan, the planned land area is approximately 50 mu, and the total construction area is approximately 30,000 square meters. New office buildings, production workshops, roads, greenery and other facilities will be built. Advanced domestic production equipment, process equipment and testing equipment for the disassembly, crushing, sorting and production line of retired lithium battery cells will be selectively purchased and introduced. After the completion of the project, it will be able to handle 20,000 tons of retired lithium batteries, 17,400 tons of black powder from lithium iron phosphate batteries, black powder from ternary batteries, battery shells, waste plastic outer packaging, pile heads, copper foil, aluminum foil and other series of products on an annual basis.

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