A ceremony marking the start of the construction of 12 key projects was held at the site of the lithium iron phosphate project of Blossom Group in Ningxiang High-tech Zon on September 16. This project is expected to yield an annual output of 200,000 tons.
These 12 projects are all located in Ningxiang High-tech Zone, including Blossom Group, Brunp Recycling Technology Co., Ltd., Hunan Shinzoom Technology Co., Ltd., Wuchuang Recycling Technology Co., Ltd. etc., covering advanced energy storage projects and equipment manufacturing projects, with a total land area of 1,620 mu (108 hectare) and a total investment of 18 billion yuan.

It is estimated to realize an output of 21 billion yuan and tax revenue of 700 million yuan annually. The implementation of these projects will effectively stimulate investments, lead and support economic and social development, and inject new momentum into the high-quality development of the Park.

As the largest “Double Hundred” project (with an investment and an output both exceeding 10 billion yuan) introduced by Ningxiang government this year, the project of Blossom Group, covering an area of 600 mu (40 hectares) with a total investment of 12 billion yuan, including 3 billion yuan in fixed assets.

It plans to build a lithium battery material production headquarter and technology research and development center. The project plans to build 40 production lines, mainly producing high-quality lithium iron phosphate, with the technology support coming from the professors’ team of Central South University.

The market is geared towards the top domestic battery enterprises such as Contemporary Amperex Technology and is expected to realize an annual output of about 10 billion yuan and annual paid tax of more than 300 million yuan. The project is committed to building the largest production base of lithium iron phosphate in the central region, making a major breakthrough in the advanced energy storage materials industry chain in Changsha.