MGL Plans To Build An Annual 30,000-Ton Lithium-Ion Battery Cathode Material Project

Published: Feb 10, 2026 11:53

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On February 9, MGL announced that the company plans to invest 929 million yuan to build an annual 30,000-ton lithium-ion battery cathode material project. The first phase will involve an investment of 737 million yuan, while the second phase will require 192 million yuan. The project is expected to achieve an annual production capacity of 5,000 tons of high-voltage lithium cobalt oxide, 10,000 tons of NCA material, and 15,000 tons of ultra-high nickel ternary material. The total construction period for the project is 36 months, divided into two phases: the first phase will take 21 months, and the second phase will take 15 months.

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