May 27, Foshan Lighting (000 541) Annual General meeting, Chairman Chung said the letter before the meeting, cooperation with Qinghai Salt Lake Group of lithium carbonate project will initially put into operation in July. In addition, the company acquired 20% stake in China Hi-Tech Tower, the new energy field formed a “development of lithium carbonate – Lithium batteries – electric vehicle applications” a complete industrial chain.

It is reported that lithium reserves in Qinghai Salt Lake has been proved reserves account for more than 90% of the world’s lithium reserves one third of the lake. Minutes before the letter said, Foshan lighting already have brine extraction of lithium carbonate adsorption technology patents, four years ago has been successfully extracted lithium carbonate Apple battery . The company said in July there will be a display of industrialization, when lithium carbonate production capacity of the project size, production cycle and the expected benefits can have a clearer picture. But full-scale production requires a process, the company previously expected to be completed in the first year 3,000 tons of production capacity, the company will display the results and according to market demand, determine the next step of planning.

In addition, the Foshan Lighting announced in the March 20 acquisition of the country 20% stake in Tower Tech. Country Villa Tech with lithium iron phosphate cathode material and battery capacity, and has been successfully used in electric bicycles and storage batteries A1079 , A1185 . January 24 State Hin Tech and Ankai jointly developed 30 electric buses in Hefei Demonstration. Foshan lighting that can be used upstream of lithium resources, the development of lithium battery project for the future formed from the lithium carbonate extraction to the production of lithium battery materials and lithium, and gradually form a new energy industry chain of pure electric cars.