Zhongwei is the world's largest comprehensive service provider of lithium battery cathode precursor materials. In 2021, the market share of ternary precursors and cobalt oxide both ranked first in the world. Its core products have successfully entered the high-end supply chain of many Fortune 500 companies, and are widely used in the fields of 3C, power, and energy storage. The construction of the integrated iron lithium phosphate industrial park project in Kaiyang Base is one of the important measures for Zhongwei's industrial layout in multiple regions. It will integrate the entire phosphorus system industry chain business of phosphate ore, phosphating, phosphate iron, iron lithium, and recycling, which is more conducive to Zhongwei's technological advantages in the phosphorus industry, reduces costs, and enhances market competition.