Tianci Materials: It is planned to invest 1.53 billion yuan in the annual output of 300,000 tons of electrolyte and 100,000 tons of iron lithium battery recycling project

36Kr was informed that Tianci Materials issued an announcement that it intends to set up a wholly-owned subsidiary to invest in the construction of an annual output of 300,000 tons of electrolyte and 100,000 tons of iron lithium battery recycling project, with a total investment of 1.53 billion yuan; the company achieved a net profit of 770 million yuan in the third quarter, an increase of 273% year-on-year.