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According to the agreement signed with Ningde Times, Ningde Times expects to purchase about 100000 tons of high nickel ternary cathode materials from the company in 2022.
After the signing of the new integration contract, Rongbai Group held the opening ceremony of Xiantao Base, with a total investment of 30 billion yuan, planned cathode material production capacity of 400000 tons, construction in three phases, and planned to be completed by 2030.
It is worth noting that on the 29th, Rongbai Technology also disclosed its annual report that in 2021, due to full orders for high-nickel ternary cathode materials for its main products, the release of new production capacity, and a substantial increase in sales, the company achieved operating income of 10.
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The finished buildings and Service facilities cover 15000 square metres.