[Lithium Battery: XTC New Energy Plans New 10,000-Ton Lithium Battery Cathode Material Project In Malaysia]

Published: Jun 29, 2026 14:03

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On the evening of June 26, XTC New Energy announced its plan to establish a wholly-owned subsidiary, Hong Kong XTC New Energy, in Hong Kong. Through Hong Kong XTC New Energy and Malaysian enterprise EMI, it will establish a joint venture, Malaysia XTC New Energy, as the project implementation entity to invest in and construct an annual 10,000-ton lithium-ion cathode material project. The total investment for the project is approximately 64.58 million US dollars, equivalent to about 450 million yuan. The construction period is planned from September 2026 to June 2027, with a total duration of 10 months.

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