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XTC New Energy

xtc-xny.com

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.

Headquarters Location

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

Xiamen, Fujian,

China

+86-0592-3351808

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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

1,194 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 1 patent.

The 3 most popular patent topics include:

  • Rechargeable batteries
  • Battery types
  • Energy storage
patents chart

Application Date

Grant Date

Title

Related Topics

Status

7/8/2019

9/13/2022

Lithium compounds, Oxidizing agents, Metal halides, Transition metals, Sodium compounds

Grant

Application Date

7/8/2019

Grant Date

9/13/2022

Title

Related Topics

Lithium compounds, Oxidizing agents, Metal halides, Transition metals, Sodium compounds

Status

Grant

Latest XTC New Energy News

China's XTC Responds to Surging Battery Material Demand via USD350.4 Million Plant

Aug 25, 2022

(Yicai Global) Aug. 25 -- XTC New Energy Materials, a Chinese battery materials supplier, will invest CNY2.4 billion (USD350.4 million) to build a new plant in southeastern China to meet the rapidly growing demand for cathode materials. XTC will construct a factory in Ningde, the same location where battery giant Contemporary Amperex Technology is based, to have an added annual capacity of 70,000 tons of ternary cathode materials, the Xiamen-based firm said in a statement yesterday. The project is scheduled to be completed in August 2025. After the plant is running at full speed, the company's annual capacity of ternary cathode materials in Ningde will expand significantly to 95,000 tons. XTC has factories in three other cities in Fujian province. The new project should ease the pressure of delivering orders while consolidating the company's leading position in the domestic market, XTC said. The firm's sales of ternary cathode materials in the first half of this year tallied just 21,500 tons, though it is an increase of 91 percent from a year ago, executives said on the Shanghai Stock Exchange's investor relations platform in July. This is not the only avenue of expansion the firm is pursuing. Last September, XTC had announced a CNY10 billion (USD1.5 billion) expansion plan for cathode material in southwestern China's Sichuan province. The factory will eventually be able to make 60,000 tons of ternary cathode materials and 100,000 tons of lithium iron phosphates, another types of cathode material. The first phase of the project should be finished in 2024. The latest plan failed to boost the firm's stock price. XTC's shares [SHA: 688778] fell 4.6 percent to close at CNY120.20 (USD17.50). The equity price is still almost 20 percent up this year. Editor: Emmi Laine, Xiao Yi Follow Yicai Global on RELATED

XTC New Energy Frequently Asked Questions (FAQ)

  • When was XTC New Energy founded?

    XTC New Energy was founded in 2016.

  • Where is XTC New Energy's headquarters?

    XTC New Energy's headquarters is located at 300-1 Kejingshe, Xiamen Area, China (Fujian) Pilot Free Trade Zone, Xiamen.

  • What is XTC New Energy's latest funding round?

    XTC New Energy's latest funding round is IPO.

  • Who are the investors of XTC New Energy?

    Investors of XTC New Energy include Fujian State-owned Assets, Zhikong Equity Investment, Shengtun Mining, Jin Yuan Capital, Xiamen Tungsten Industry and 3 more.

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