Tongxing Technology: Intends to invest in the construction of a phase-one project with an annual production capacity of 20,000 tons of sodium-ion battery cathode materials.

Tech Corporation announced on February 27th that, prior to this announcement, the company signed a "Investment Cooperation Framework Agreement for the Annual Production of 100,000 Tons of Sodium Electrode Positive Materials and 6GWh Battery Cell Project" with the People's Government of Pingshan County, agreeing to invest in and build a project with an annual production capacity of 100,000 tons of sodium electrode positive materials and 6GWh battery cells in Pingshan County. Recently, the company also signed an "Investment Agreement for the Annual Production of 20,000 Tons of Sodium Electrode Positive Materials Project" with the People's Government of Pingshan County, planning to invest in and build a Phase I project with an annual production capacity of 20,000 tons of sodium electrode positive materials in Plot 6 of Wangchang Industrial Park in Pingshan County, with a total planned investment of approximately 500 million yuan for the Phase I project.