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Report: GEM, Tsingshan to set up joint ternary power battery material supplier
Sep 27,2018 13:24CST
company news
Source:SMM
The initial target is to produce 50,000 mt/year of ternary precursor and 20,000 mt/year of NCM cathode material

Chinese battery material manufacturer Green Eco-Manufacture (GEM) will form a joint venture with stainless steel producer Tsingshan to produce ternary cathode materials for power batteries, according to the agreement reached by the two firms last week.

GEM's wholly-owned subsidiary Jingmen GEM and Tsingshan's Yongqing Technology arm will establish a joint venture in Ningde, Fujian province with investment up to 1.85 billion yuan.

The initial target is to produce 50,000 mt/year of ternary precursor and 20,000 mt/year of nickel-cobalt-manganese (NCM) cathode material. Site construction will be completed two years after government approvals are granted. The project investors may raise production further, depending on market conditions.

Battery
Ternary cathode materials

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