[lithium iron phosphate shipments will reach the best part of 800GWh material manufacturers' expansion in the next five years] Lithium iron phosphate investment boom after wave. On October 18, Longyi Technology announced that its holding subsidiary, Changzhou Liyuan, plans to acquire 100% stake in Sichuan Liyuan, a wholly owned grandson company, for 100 million yuan. Longyi Technology said that Changzhou Lithium Source will become the only main body engaged in the business of lithium iron phosphate cathode materials in the company. it is convenient for the company to further enhance the comprehensive strength of project research and development, market expansion and product mass production in the lithium iron phosphate cathode material industry chain.
The content below was translated by Tencent automatically for reference.
Today, lithium iron phosphate leader German Nano tumbled 13.11%, and its share price fell nearly 16% from its peak after hitting an all-time high. A piercing Yin line reversed the K line for the previous six trading days, thus setting a new low for nearly seven trading days. On the news side, Ningde Times bought a stake in Hunan Yuneng, a competitor of German Nano, and Longyi Technology plans to acquire lithium iron phosphate-related assets and businesses within the scope of Bertre s consolidated statements, which will lead to a decline in the scarcity of German Nano.