Gelonghui May 21 丨 Xinzhoubang (300037shiningkingmegawaysfree.SZ) announced that it plans to invest its wholly-owned company CapchemTechnology USAIncshiningkingmegawaysfree. (referred to as "New State of America") or other newly established holding companies are the implementation entities to build a battery chemical project in Louisiana, the United States. construction contentshiningkingmegawaysfree: Annual output of 200,000 tons of carbonate solvent and 100,000 tons of lithium ion battery electrolyte. The total investment of the project is approximately US$350 million. The specific amount will be based on this project.shiningkingmegawaysfreeFeasibility analysis and determination of application and approval status.
Recently, the U.S. state and the Louisiana government signed a "Tax Relief Agreement". The main content of the agreement is that Louisiana agrees to provide industrial tax based on the company's preliminary investment plan and on the premise that the project meets employment. A series of incentive plans such as tax exemptions, infrastructure construction subsidies, and quality employment plans. Among them, regarding the industrial tax exemption incentive plan, the local government provides partial tax exemptions for this project for up to 10 years, with an estimated total value of US$71.3 million. The final incentive amount will be based on the actual investment situation.