Jiangxi Lanxin New Energy Materials Technology Co., Ltd. will start construction on the 1.7 million pieces per year of lithium battery sealants and insulation wafers project. The company held a signing ceremony together with the Management Committee of Jiangxi Fenyi Industrial Park, for this RMB 120 million project on January 2. Lanxin will be capable of annually producing 200 000 pieces of waterproof silicone sealant strips for power batteries and 1.5 million pieces of positive & negative vacuumed insulation wafers for power batteries, once the project is completed.