Red Bean Co., Ltd.: Intellectual manufacturing project to build 3GW high -power solid lithium battery intelligent manufacturing project

On July 15, 2022, the A -share company Hongdou (600400.SH) announced that the holding subsidiary Hongrifeng was intended to sign the "Cooperation Agreement" with Chaoichi Power, and signed "3GW of 3GW with Chaoichi Power and the Jining District Government Investment Agreement of high -power solid -state lithium battery intelligent manufacturing projects, investment and establishment of project companies.

Construct a 3GW high -power solid -state lithium battery intelligent manufacturing project in Baihaizi District, Jining District. The total investment of the project is about 1.5 billion yuan. The project company drafted a registered capital of 300 million yuan, of which Red Sunwind could subscribe to 270 million yuan and hold 90%of the shares.

The project will be built in two phases, of which the first phase of investment is 800 million yuan and the second phase of investment is 700 million yuan. The project is planned to start construction in August 2022 and put into production in 2023; the second phase of the project will be fully produced in 2024.

Ulanchabu is located in the middle of the Inner Mongolia Autonomous Region. It is located at the intersection of the Bohai Sea, Beijing -Tianjin -Hebei, and Ho Baoyin Economic Circle. The regional location is superior. New energy and new materials are one of the industries that have been actively cultivated in the central urban area of ​​Wulanchabu City in recent years. Increase competitiveness and influence in the field of solid -state lithium battery manufacturing, and lays a solid foundation for the continuous and stable development in the future. If the investment project is successfully implemented in the future, it is expected to have a positive impact on the future operating performance of Hongri.

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