Xiamen Tungsten New Energy: Controlling Subsidiary Plans 723 Million Yuan Investment in 40,000-Ton Lithium Iron (Manganese) Phosphate Project

36Kr learned from an announcement by Xiamen Tungsten New Energy that its controlling subsidiary, Ya'an Xiamen Tungsten New Energy, plans to invest in building the Ya'an Phase IV project, a lithium iron (manganese) phosphate facility with an annual capacity of 40,000 tons. The total estimated investment is 723 million yuan, including 676 million yuan in fixed asset investment and 47 million yuan in working capital, funded by internal funds and self-raised capital. The project has a construction period of 18 months and is scheduled to begin production in June 2028. Upon completion, Ya'an Xiamen Tungsten New Energy's lithium iron (manganese) phosphate capacity will reach 120,000 tons per year. The investment has been approved by the company's board of directors and does not require shareholder meeting approval. It does not constitute a related-party transaction or a major asset restructuring.