An announcement from Zhejiang Yongtai Technology Co.,Ltd. (SHE: 002326) reveals that its subsidiary, Inner Mongolia Yongtai Chemical Co., Ltd., intends to invest 8 billion yuan in the construction of a project with an annual production capacity of 50,000 tons of VC and supporting facilities.

The project will involve building six main production workshops, two post-processing workshops, one finished product packaging workshop, along with supporting storage tank areas and steam pipeline networks.

Currently, the company's operational VC production capacity stands at 10,000 tons per year, with an additional 20,000 tons per year capacity under construction. Following the successful addition of this new 50,000 tons per year capacity, the company's total VC production capacity is projected to reach 80,000 tons per year once all projects are fully operational.

This expansion is expected to significantly increase the production and sales scale of the company's lithium battery materials segment. It will not only help to further leverage economies of scale but also enhance the synergistic effects between various products. This strategic move is aimed at continuously solidifying the company's market position and share within the lithium battery materials sector, thereby comprehensively improving overall competitiveness and profitability.