On February 25th, Shandong Ruiyang New Energy Technology Co., Ltd. started the 40,000-ton/year new energy lithium battery material integration project. The project is a major project in 2022, jointly funded by Shenzhen Betray and Jingyang Technology, with a planned total investment of 3.68 billion yuan. At present, it is the first phase project, which mainly includes 40,000 tons of cathode materials with an investment of 990 million yuan and 60,000 tons of lithium battery precursors with an investment of 530 million yuan. It is estimated that it will be put into production in June+10 in 5438, with an annual sales income of 26 1 10,000 yuan and a contribution of 470 million yuan in profits and taxes.