Lonpont Technology started the construction of the second phase of lithium iron phosphate production base in Indonesia in the second half of the year.

An investor to Longpan Technology (603906) question, please ask the company lithium iron phosphate sea specific planning, including overseas factories and orders, etc., I hope the company answer, thank you!

The company replied, "Dear investor, hello! The company plans to build a 120,000-ton lithium iron phosphate cathode material production base in Indonesia, at present, the first phase of 30,000 tons is in the stage of debugging and trial production, and the second phase of 90,000 tons will be launched in the second half of the year for construction planning. The construction of the second overseas base will be considered as appropriate. Overseas customers, the company has formed a deep binding with LG, according to the announcement, LG will follow the equity contribution to build a factory in Indonesia, at the same time, the company has signed a 5-year long-term supply agreement with LG, the future part of the production capacity has been locked. The long-term supply agreement with LG greatly promotes the company's internationalization process, accelerates the expansion of overseas production capacity, and can further consolidate the company's advantages in overseas production capacity layout. Thank you for your attention!

Sources of information:flush (finance)