Lopal Technologies has made an announcement stating that its holding grandchild company, Liyuan (Asia Pacific), has set its sights on investing US$160 million (roughly equivalent to 1.088 billion yuan) in Indonesia. This investment will be channeled through its wholly-owned subsidiary, Liyuan Indonesia (Batang), for the purpose of constructing the 'Large-Scale Production Project for Cathode Materials for New Energy Vehicle Power and Energy Storage Batteries'. In terms of project specifics, the plan is to set up a production line with an impressive annual capacity of 120,000 tonnes. This line will be dedicated to producing second- and third-generation lithium iron phosphate cathode materials. It's worth noting that this investment initiative has already received the green light from the board of directors. However, it still awaits further review at the shareholders' meeting, as well as the necessary filing or approval from the relevant departments.