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XTC New Energy Materials to build lithium battery production facility in China
Other - SEPTEMBER 16, 2021

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XTC New Energy Materials to build lithium battery production facility in China

by Kali Persall

China's largest lithium-ion battery manufacturer XTC New Energy Materials is planning to build a new production facility for lithium battery materials in the Sichuan province, according to various news sources.

XTC New Energy Materials manufactures and sells new materials such as lithium cobaltate, lithium manganate, lithium iron phosphate, throughout China. Products from XTC New Energy are used in the downstream mid- and high-end computer, communication and consumer electronics products.

The firm will invest 10 billion yuan ($1.54 billion) in the complex, which will be developed in several phases.

According to Argus Media, the company has partnerships with major battery firms domestically and overseas, including ATL, Samsung SDI, Murata, LGC, Sunwoda, Zhuhai Guanyu and BYD. It also has long-term partnerships with lithium battery manufacturers including Panasonic, BYD, CATL, AVIC lithium, EVE Energy and Guoxuan High-tech.

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