Shengquan Group Achieves Key Breakthrough in Sodium-ion Battery Material Industrialization

On March 16, 2026, Xi'an Lanshen New Material Technology Co., Ltd. announced the formal termination of the "Sales Contract for a 3,000 Tons/Year Battery-Grade Lithium Carbonate Extraction Plant" signed with HANACOLLA S.A. from Argentina. The core reason for this contract termination was a change in the overall project planning. Given that the "Sales Contract" was still within its validity period and partially fulfilled, the two parties reached an agreement after friendly negotiations. According to the signed "Termination Agreement," the original sales contract will be terminated from the date of the agreement's signing.

Recently, the CATL New Energy Battery Base Project (Jinchui Phase I) located in Badu Town, Jiaocheng District, Ningde City, Fujian Province, is scheduled to complete delivery by the end of April 2026. Jinchui Phase I involves a total investment of approximately 2 billion yuan, covering about 900 mu of land. It plans to construct approximately 370,000 square meters of new energy battery intelligent manufacturing standard factories and supporting auxiliary facilities. Upon completion, it will become an important production base for CATL in Jiaocheng District. CATL disclosed that its production capacity reached 772 GWh in 2025, with 321 GWh under construction.

On March 16, Sichuan Xingkong Sodium-ion Battery Co., Ltd. and BASF officially signed a strategic cooperation agreement in Dazhou, Sichuan. The two parties will engage in in-depth collaboration across three key dimensions: R&D of core materials for sodium-ion batteries, coordination of the industry chain, and international product development, injecting new momentum into the technological advancement and global expansion of the sodium-ion battery sector. This partnership will focus on joint R&D of cutting-edge sodium-ion battery technologies, covering the entire material chain, including ESS parts, battery pack modules, and battery cells. Key areas of emphasis include thermal management, structural design, electrochemical performance enhancement, and material system optimization. Additionally, the collaboration aims to jointly overcome critical technical bottlenecks such as bamboo charcoal anodes and Prussian blue cathodes, driving the iteration of next-generation sodium-ion battery technologies. Simultaneously, BASF will provide Xingkong Sodium-ion Battery with high-quality raw material supplies. The two parties will also work together to develop customized energy storage solutions and establish a shared after-sales service system, accelerating the industrialisation of R&D achievements.