On March 2, Yongtai Technology disclosed its intention to enter into an investment agreement with the Management Committee of the Coastal Industrial Park within the Jiangsu Binhai Economic Development Zone. This strategic move involves investing in the construction of a project designed to produce 200,000 tons of lithium battery electrolyte annually in the Binhai Coastal Industrial Park, with an anticipated total investment of 500 million yuan. It's worth noting that the company had previously scrapped the Shaowu Yongtai project, which also had an annual production capacity of 200,000 tons of electrolyte. The primary objective of this new endeavor is to optimize resource allocation and refine the configuration of its production bases.
