[SMM New Energy] MGL to invest RMB929m in a 30,000 mt/yr Li-ion cathode material project.

Published: Feb 11, 2026 10:29

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MGL announced that the company plans to invest 929M yuan to build an annual 30,000 mt lithium-ion battery cathode material project, with Phase I investment at 737M yuan and Phase II investment at 192M yuan. The project is expected to achieve an annual output of 5,000 mt high-voltage LCO, 10,000 mt NCA material, and 15,000 mt ultra-high nickel ternary cathode material. Among these, Phase I will involve one NCA material production line (annual capacity of 10,000 mt) and one high-voltage LCO production line (annual capacity of 5,000 mt); Phase II will involve the construction of two new ultra-high nickel ternary cathode material production lines with a total annual capacity of 15,000 mt.

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