Gelonghui, Feb. 21, 丨 Xinzhu Co., Ltd. (002480.SZ) announced that on December 15, 2023, Chengdu Xinzhu Road and Bridge Machinery Co., Ltd. (“Company”) and Sichuan Xingxin Vanadium Technology Co., Ltd. (“Xingxin Vanadium”) signed a “Joint Venture Agreement”. The two parties agreed to invest in the establishment of Sichuan Xingxin Vanadium Energy Technology Co., Ltd. (“Chuanfa Xingneng”), with a layout of 60,000m in Weiyuan County, Neijiang City³/a Short-process vanadium electrolyte production base. Xingxin Vanadium introduced its technical and resource advantages in the vanadium electrolyte business to Chuanfa Xingneng. On December 18, 2023, Chuanfa Xingneng was officially registered and established.

In order to implement the purpose of cooperation between shareholders of the two sides and seize the first-mover advantage in the field of vanadium electrolytes, Chuanfa Xingneng plans to start construction of 60,000m³/a Short-process vanadium electrolyte production line construction project. The total investment of the project is estimated at 463.49 billion yuan.

The project site is located in Lianjie Industrial Park, Weiyuan County, Neijiang City, Sichuan Province. This project produces 60000m per year³Vanadium electrolyte. The project is being built in two phases, with an annual output of 30,000 meters in the first phase³Vanadium electrolyte production line. Phase II increased production by 30,000 meters by adding major process production equipment to the first phase³The production capacity of /a.