On the evening of November 13, Foshan Plastic Technology made an announcement. The company revealed its plan to co-invest 100 million yuan alongside two subsidiaries of Zijin Mining and its affiliated entity, Guangxin Research Institute. The purpose is to set up a project company in the Shanghang Industrial Zone, located in Longyan City, Fujian Province. This project is geared towards constructing a pilot platform for battery-grade lithium sulfide, which is expected to have an annual production capacity of 100 tons. The overall investment for this endeavor amounts to 113 million yuan (inclusive of value-added tax), and the construction is projected to take 10 months. The main emphasis of the project will lie in the research, development, production, and operation of high-purity battery-grade lithium sulfide products. This kind of high-purity product is of great significance in the battery industry, as it can potentially enhance battery performance and stability.