According to information from the Hequ County Government of Xinzhou City, Shanxi Province, the lithium iron phosphate project with a total investment of 1.7 billion yuan by Shanxi Zhongneng Huitong Technology Co., Ltd. has entered the equipment installation and commissioning stage, and trial production is expected at the end of July.

The project is located in the Economic and Technological Park of Hequ County, Xinzhou City, Shanxi Province, close to the Linghe Expressway exit, with obvious geographical advantages and good supply of production factors such as water sources, land and electricity. The project covers an area of 300 mu and will be constructed in three phases. The first phase investment is 500 million yuan, with an annual output of 10,000 tons of iron phosphate and lithium iron phosphate; the second and third phases of investment are 1.2 billion yuan, with an annual output of 20,000 tons of iron phosphate and lithium iron phosphate.