Sichuan Shengwei Lithium Industry Co., Ltd. is a holding subsidiary of the company. It was established in August 2017. It is located in the Lithium Battery Industrial Park of the Shehong Economic Development Zone, Sichuan, with a registered capital of 65 million yuan. It is regarded as a key new lithium battery material producer supported by local government. Shengwei Lithium integrates research and development, production and sales of lithium metal products. The main products include lithium ingots, lithium particles (sheets), lithium belts, and a series of metal lithium and lithium alloy products. Customers include companies of lithium batteries, aerospace, medicine, smelting and other industries. The overall plan of the project is an annual output of 1,000 tons of lithium metal, and 500 tons of production capacity has been built, and the remaining capacity is under active construction.