Lopal Technologies has revealed its strategic blueprint for the 2021 fund-raising investment project, centered around the non-public issuance of stocks. The project, dubbed the 'Large-Scale Production Initiative for Cathode Materials in Power and Energy Storage Batteries for New Energy Vehicles,' is slated for a phased rollout in Suining, Sichuan. This ambitious endeavor will be executed by its key subsidiary, Sichuan Liyuan New Material Co., Ltd., and aims to achieve a staggering total production capacity of 150,000 tons annually for lithium iron phosphate cathode material.

At present, the project's inaugural phase, boasting an annual capacity of 25,000 tons, along with the subsequent second phase, capable of producing 62,500 tons yearly, are both up and running. In a strategic move to further enhance its market position, Lopal Technologies now plans to revamp the third phase of the project. This adjustment will see a significant uptick in the planned production capacity, escalating it from the initial 62,500 tons per annum to an impressive 100,000 tons per year.