Guangzhou Tinci Materials Technology (SHE:002709), through subsidiary Tinci Materials (Taizhou), will construct a high-pressure lithium iron phosphate plant for up to 2.10 billion yuan, according to a Shenzhen bourse filing on Wednesday.
The plant will annually produce 160,000 tons of lithium iron phosphate.
The Chinese new energy material manufacturer's shares rose 2% during the afternoon trade.
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