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ELECTRONICS | Electrical Product Distribution / Power Generation & Storage
xtc-xny.com

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Founded Year

2016

Stage

IPO | IPO

Date of IPO

8/5/2021

About XTC New Energy

Xiamen Tungsten Industry (688778.SH) develops new energy materials industry including lithium battery cathode materials.

XTC New Energy Headquarter Location

300-1 Kejingshe, Xiamen Area, China (Fujian) Pilot Free Trade Zone

Xiamen, Fujian,

China

+86-0592-3351808

Latest XTC New Energy News

Roskill: China’s XTC signs deals with GEM to secure cathode precursor materials supply

Oct 25, 2021

Roskill: China’s XTC signs deals with GEM to secure cathode precursor materials supply Roskill reports that China-based cathode producer XTC New Energy Materials, a unit of Xiamen Tungsten, signed a supply agreement with Jingmen GEM, a subsidiary of GEM. Under this agreement, Jingmen GEM will supply 5-15 ktpy of cobalt tetroxide and 15-35 ktpy of lithium nickel cobalt manganese oxide (NCM) precursor materials to XTC New Energy Materials until the end of 2023. The two companies also committed to build long-term strategic partnerships covering mineral resources development, procurement and sales, product processing, and information sharing. Roskill noted that this is the second long-term precursor supply XTC New Energy Materials has secured this year. In September, XTC signed a similar agreement with CNGR, China’s leading precursor supplier. CNGR will supply 20-25 ktpy of cobalt tetroxide and 15-35 ktpy of lithium nickel cobalt manganese oxide (NCM) precursor materials to XTC New Energy Materials until the end of 2023. XTC New Energy Materials now has an existing cathode capacity of around 60 ktpy; the company plans to increase capacity to 260 ktpy in the long-term. This will come from the addition of a new 40 ktpy NCM project under construction and 160 ktpy NCM+LFP project newly invested in Yaan, Sichuan. The precursor supply agreements signed successively with China’s leading precursor manufacturers CNGR and GEM will secure XTC’s precursor supply as it looks to expand its cathode capacity at a rapid pace. Roskill believes the supply agreement with GEM on cobalt tetroxide and NCM precursors materials will allow XTC to strengthen its supply chain and create greater resilience for cathode materials production. Importantly, the collaboration with GEM, the world’s leading ternary precursor materials provider, on product processing as well as procurement and sales would put XTC in a good position to develop new cathode products and optimize cost structure, Roskill noted. It is also noted that mineral resources development is a key component of the long-term strategic partnerships between XTC and GEM. Roskill believes this is expected to create synergies for both companies in terms of securing key raw materials supply. Driven by the strong downstream demand, key players throughout the lithium-ion battery supply chain have been striving to gain control over the supply of battery raw materials—particularly important for precursor and cathode manufacturers.

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Expert Collections containing XTC New Energy

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

XTC New Energy is included in 1 Expert Collection, including Energy Storage.

E

Energy Storage

807 items

This collection includes large and small energy storage technology, from grid-scale molten salt containers to small, thin-film lithium-ion batteries.

XTC New Energy Patents

XTC New Energy has filed 2 patents.

The 3 most popular patent topics include:

  • Lithium-ion batteries
  • Rechargeable batteries
  • Battery types
patents chart

Application Date

Grant Date

Title

Related Topics

Status

7/10/2019

11/23/2021

Rechargeable batteries, Lithium-ion batteries, Battery types, Capacitors, Energy storage

Grant

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00/00/0000

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Application Date

7/10/2019

00/00/0000

Grant Date

11/23/2021

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Related Topics

Rechargeable batteries, Lithium-ion batteries, Battery types, Capacitors, Energy storage

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