On November 11, Tongxing Technology made an announcement regarding its signing of an agreement with the Pingshan County Government. The agreement outlines a grand investment plan of roughly 3.2 billion yuan, aimed at establishing a project in Pingshan County. This project is set to produce 100,000 tons of sodium-ion cathode materials annually, along with 6GWh of battery cells. Specifically, the cathode material segment of the project will entail an investment of approximately 2 billion yuan, whereas the battery cell segment will necessitate an investment of around 1.2 billion yuan.
