Shengxin Lithium Energy: The Indonesian lithium salt project is expected to provide bulk supply in the third quarter.

On June 5, Shengxin Lithium Energy stated during institutional research that the company's new 60,000-ton lithium salt project in Indonesia is expected to begin trial production in 2024. Currently, certification for some core clients is in the final stages, and mass deliveries are expected in the third quarter. In addition, the company is very optimistic about the prospects of solid-state batteries, and has a business layout in the key material of metallic lithium for solid-state batteries. The company's metallic lithium project has a production capacity of 500 tons and mass production of ultra-thin and ultra-wide lithium strips has been achieved. The company is actively promoting the progress and construction of a new planned 2,500-ton metallic lithium production capacity project. The company is also conducting related research and development work on solid-state electrolyte materials.