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China's Fujian launches plant for high nickel battery materials-The 20th China (Guangzhou ) Int’l Casting product Exhibition
4/19/2019 - casting expo-Die-casting expo-foundry expo |
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Reuters reported that the first phase of a 40,000-tonne per year battery cathode material project in southeast China’s Fujian province has been put into production, according to the local government. The 3.1 billion yuan ($462.07 million), three-phase project in Dongqiao is a joint venture between Xiamen Tungsten and Fujian Mindong Electric Power Co. It will be China’s largest plant for production of cathode materials for high nickel content lithium-ion batteries, the Dongqiao government said; the first phase has four production lines with annual capacity of 10,000 tonnes
The electric vehicle sector is switching toward higher nickel content in nickel-cobalt-manganese batteries, which have greater storage capacity and allow for a longer driving range.
Fujian is home to China’s top EV battery maker, Contemporary Amperex Technology Ltd Co Ltd.
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