Changzhou Lithium Source (Indonesia) New Energy Co., LTD. Phase I 30,000 tons of lithium iron phosphate project construction site, project construction is in full swing. According to the front-line staff, in order to ensure that the project is completed on schedule, all the technicians and construction personnel are working overtime on the holiday to complete the project construction. At present, the overall construction of the Indonesian lithium source project is nearing the end, the equipment installation has been completed more than half, it is expected that all the installation work will be completed at the end of February, and the commissioning phase will be entered in March.The first phase of the Indonesian lithium Source project officially started in July last year, which is an important milestone for Changzhou Lithium Source to move towards global production and global sales, and also marks the official launch of the new energy industry layout of Longpan Technology on a global scale. At present, domestic lithium head companies, including Ningde Times, Guoxuan High-tech, Yiwei Lithium Energy, Xinwang Da, Rupu Lanjun, have or are preparing to invest and cooperate in Southeast Asia. The construction of Indonesia Lithium Source LFP project will further promote the development of Changzhou Lithium Source in the field of lithium battery materials, and further enhance the position of lithium source in the new energy vehicle industry chain.

The US $290 million investment in Indonesia and the construction of 120,000 tons of lithium iron phosphate project is the most important step of Changzhou Lithium Source's global development strategy, which is to lay out the Southeast Asian market in advance, establish a global R & D, production and service network, better serve global battery enterprises and energy storage customers, and help domestic and overseas lithium battery enterprises to layout in the Southeast Asian market.

In the future, Lithium Source will be committed to technological innovation, continue to lead high-quality development with innovative products, and join hands with global partners to bring more possibilities and development opportunities for the lithium battery industry.