Construction will begin after the first phase of the project is completed and relevant construction permits are obtained. According to the inquiry of official website of Ningbo Shanshan Co., Ltd., in order to deepen the cooperation with major strategic customers, meet the growing demand of major customers in the next few years, and at the same time alleviate the current situation of insufficient production capacity of the company's negative electrode materials business and mismatch between the previous and subsequent processes, the board of directors of the company agreed that its subsidiary Shanghai Shanshan Lithium Battery Technology Co., Ltd. should set up a project company in Meishan, Sichuan, and invest in the construction of an integrated base project of negative electrode materials for lithium-ion batteries with an annual output of 200,000 tons. The total investment of the fixed assets plan is about 8 billion yuan. The total construction period of this project is estimated to be 32 months, which will be constructed in two phases, with a production capacity of 654.38+10,000 tons per phase. The construction period of the first phase project is expected to be 65.438+06 months (from the date of obtaining the construction permit of the first phase project), and the construction period of the second phase project is expected to be 65.438+06 months (it is planned to start after the first phase project is completed and the relevant construction permit is obtained).