China’s Guoxing USD 169 Million Battery Grade Lithium Carbonate Plant Starts Construction in Xinyu

Xinyu Guoxing Lithium Co., Ltd. has started construction on its annual production of 10,000 tons of battery-grade lithium carbonate project in Xinyu City, Jiangxi Province, China. The project has an investment of 1.2 billion yuan (USD 169 million), covers an area of 90 Mu (6 Hectare), and is expected to be completed within 12 months.

After the factory is completed, it will be able to meet the installation needs of 200,000 new energy vehicles, with an expected sales revenue of 5 billion yuan (USD 169 million), a profit and tax of 300 million yuan (USD 42 million), and employment opportunities for 200 people.

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