Jiangsu Lopal Tech. (603906.SH) stated on the investor interaction platform on June 24th that the lithium carbonate project in Yichun, Jiangxi is currently progressing normally as planned. Although the price of lithium carbonate is at the bottom, the company can improve the competitiveness of the project company by increasing equipment utilization, optimizing processes, and controlling costs. The lithium carbonate project in Yichun, Jiangxi can bring many improvements to the company: (1) Through this project, the company can guarantee the cost and quality of some raw materials; (2) Through this project, the company has formed industrial synergy with Contemporary Amperex Technology; (3) Through this project, the company can develop research and production of more differentiated phosphate iron lithium cathode materials. The company's alkali electrolysis tanks have built a 1GW production plant and are currently in the process of obtaining orders. The company's follow-up orders with LGES are also still in friendly negotiations.