Foshan Lighting: Lithium carbonate project to be put into operation in July

May 27, Foshan Lighting (000541) held annual shareholder meeting, chairman Zhongxincai revealed that the company and Qinghai Salt Lake group cooperation in the lithium carbonate project will be put into operation in early July.　　In addition, the company through the acquisition of the national Xuan Gao 20% Equity, in the field of new energy initially formed a "lithium carbonate development-lithium battery-electric vehicle applications," the complete industrial chain. It is reported that Qinghai Salt Lake Lithium resource reserves accounted for more than 90% of the country's proven reserves, accounting for the world's Salt Lake Lithium resource reserves of One-third. Zhongxincai said that Foshan lighting already has the adsorption method brine extraction lithium carbonate technology patents, four years ago has successfully extracted lithium carbonate. The company said there would be an industrial demonstration in July, when the capacity, production cycle and expected benefits of the lithium carbonate project could have a clearer picture.　　However, a comprehensive scale production needs a process, the company previously expected to complete 3000 tons of capacity in the first year, the company will be based on the results of the display and market demand, determine the next step of planning. In addition, Foshan lighting in March 20 announced the acquisition of the national Xuan Gao 20% equity. Guo Xuan Gao has lithium iron phosphate anode materials and battery production capacity, and has been successfully applied to electric bicycles and energy storage batteries. January 24 Chun Hi-Tech and an-kai bus developed 30 pure electric bus has been demonstrated in Hefei operation.　　Foshan lighting that the upstream of the lithium carbonate resources to develop lithium battery projects, for the future formation from lithium carbonate extraction, lithium battery materials and lithium battery production, and gradually form a new energy pure electric vehicle industry chain. Prior to the large shareholder Osram also did not quite agree with the company's development of new energy, the attitude has been a positive change, clearly indicated that the new energy projects will give the company full support.