On 30 Aug., 2022, Guangzhou Tinci Materials Technology Co., Ltd. (Tinci Materials) announced that its subsidiary, Jiujiang Tianci Materials Technology Co., Ltd. (Tianci Materials), intended to establish a project of 75,500 t/a li-ion battery basic materials with its self-raised capital.
Summary: In late Aug. 2022, Tinci Materials planned to invest USD269.71 million (RMB1.86 billion) in building 75,500 t/a li-ion battery basic material capacity.
Tinci Materials believes that this project will improve its strategic layout of upstream raw materials of li-ion battery electrolyte and sodium-ion battery electrolyte, strengthen its long-term competitiveness of new type battery electrolyte formulation and meet its needs of business development and market expansion. Source:CCM
In terms of capacity expansion, according to statistics from Soochow Securities, Tianci Materials has built 150000 tons of electrolyte production capacity in Ningde, Guangzhou and Jiujiang bases, and the company's production capacity is expected to reach 1.4 million tons + after all production capacity is completed.
Tianci material said that the lithium hexafluorophosphate plant, which is revamped this time, is one of the main raw materials for the company's future electrolyte products.
It is agreed that the company will make additional investment in the reconstruction and expansion project with an annual output of 150000 tons of lithium materials, with a total investment of 332 million yuan, including 209 million yuan in construction investment and 124 million yuan in liquidity at the bottom of the project.
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