Tianqi Materials Subsidiary Plans to Invest Up to 5 Billion Yuan in a 500,000 Ton Annual Electrolyte Project
Tianqi Materials announced that the company will hold a board meeting on November 12, 2026, to review and approve the proposal for the investment and construction of a project with an annual production capacity of 500,000 tons of electrolyte and supporting materials. The subsidiary, Chizhou Tianqi High-tech Materials Co., Ltd., or its subsidiaries, will use self-raised funds to invest in this project, with a total investment not exceeding 5 billion yuan, of which construction investment will not exceed 3.5 billion yuan. The construction period is 24 months, and the location is at Xianghe Avenue, Dongzhi Economic Development Zone, Anhui. The main products of the project include 500,000 tons/year of electrolyte (400,000 tons/year of lithium-ion battery electrolyte, 100,000 tons/year of sodium-ion battery electrolyte), 300,000 tons/year of liquid lithium hexafluorophosphate, 100,000 tons/year of liquid sodium hexafluorophosphate, 70,000 tons/year of lithium difluoro(oxalato)borate, 30,000 tons/year of sodium difluoro(oxalato)borate, and other upstream supporting materials totaling 432,000 tons/year. This matter does not require submission for shareholder approval.
-- Price
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