Zhenhua New Materials plans to raise funds to expand cathode materials

　　Sinochem News News On June 13, Zhenhua New Materials released a fixed increase plan, which proposed to raise no more than 6 billion yuan, and 4.
5 billion yuan was planned to be used for the cathode material production line construction project after deducting the relevant issuance costs (Yilong Phase III).
), 1.
5 billion yuan to supplement working capital
.

　　It is understood that the total investment of the project is 6.
245 billion yuan.
After the project is completed, it will increase the annual production capacity of 100,000 tons of cathode materials, mainly used for the production of high-nickel, medium-high nickel and medium-nickel ternary cathode materials, and is compatible with sodium ions Production of battery cathode materials
.

　　Zhenhua New Materials said that the company's current capacity utilization rate is basically saturated, and it cannot continue to meet the rapidly growing demand for downstream lithium batteries
.
In 2021, the company's effective production capacity is 37,000 tons, which is basically at full production
.
At the end of 2021, the company's lithium-ion power battery ternary material production line construction project (Yilong Phase II) was put into operation, and the total annual production capacity increased to 50,000 tons
.
The proposed new cathode material production line will be compatible with the production of cathode materials for sodium ion batteries, and the production capacity can be quickly switched to cathode materials for sodium ion batteries, laying the foundation for the future development of the cathode material market for sodium ion batteries in the energy storage field
.