On February 19, 2023, Aihang Fund and Guixi State-owned Capital Management Co., Ltd. under Guixi Municipal People's Government jointly set up a new energy lithium industry fund, with a total scale of RMB 220 million, which will assist GCL Lithium in constructing the project of 120,000 tons of lithium iron phosphate cathode materials per year and help the local community accelerate the formation of upstream and downstream industrial clusters of new energy cathode materials. This project can promote the development of local new energy industry, improve the competitiveness of local new energy industry, promote the scientific and technological innovation of new energy batteries and improve the local employment environment, and ultimately drive the upgrading of neighboring ancillary industries, and promote the high-quality development of the overall local economy and local enterprise ecosystem.
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