Chempricehub, June 11 - Lopal Technology announced that its indirect controlled subsidiary, Liyuan (Asia Pacific), through its Indonesian subsidiary, plans to invest in a lithium iron phosphate cathode material project with a total investment of approximately 1.088 billion yuan. The project is designed to produce 120,000 tons per year of second- and third-generation lithium iron phosphate. This matter has been reviewed by the board of directors and still requires approval by the shareholders' meeting as well as relevant government department approvals and filings.