Shida Shenghua Plans RMB 2.8 Billion Investment in Three Projects Including Liquid Lithium Salt

Shida Shenghua plans to invest RMB 2.805 billion in three projects: 230,000 t/y liquid lithium salt, 12,000 t/y additives, and 200,000 t/y electrolyte.

Project Investment Overview

On August 3, Shida Shenghua announced that its wholly-owned subsidiary Dongying Shida Shenghua New Energy Co., Ltd. plans to build a 230,000 t/y liquid lithium salt project, with a proposed investment of RMB 1.797 billion, a construction period of 24 months, and projected annual output value of RMB 6.086 billion and net profit of RMB 1.523 billion. The project aims to leverage integrated raw material supply advantages to enhance market competitiveness and profitability.

Capacity Layout

Meanwhile, wholly-owned subsidiary Shenghua New Energy Technology (Dongying) Co., Ltd. plans to build a 12,000 t/y additives project with a total estimated investment of RMB 286 million; wholly-owned subsidiary Dongying Shenghua Lida Chemical Technology Co., Ltd. plans to build a 200,000 t/y electrolyte project with a total estimated investment of RMB 722 million. The combined investment in the three projects is RMB 2.805 billion.