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Ronbay Technology has recently revealed its ambitious strategy to allocate around 4.298 billion yuan towards enhancing its production capacity for lithium iron phosphate precursors and cathode materials. Specifically, the Liuzhi Wet Process Project is slated to receive a substantial investment of 2.007 billion yuan, whereas the Bijie Pyrometallurgical Project is set to garner 2.291 billion yuan. It's noteworthy that the precursor wet process project lays the groundwork for the subsequent pyrometallurgical project. Once both projects reach completion, Ronbay Technology will possess the capacity to manufacture 340,000 tons of lithium iron phosphate cathode materials on an annual basis, marking a significant stride in its production capabilities.
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