The full-load operation plan of Xiamen tungsten Xinneng Haiyang base is planned to achieve the target of annual output of 40,000 tons of lithium electric materials within this year.

SMM February 9: according to the general manager of Xiamen Tungsten Xinneng, the company's production line of Haili is currently running at full capacity, and in order to meet the demand of downstream orders, front-line employees continue to work overtime during the Spring Festival.

It is understood that the total investment in the Haiqi production base is 2.468 billion yuan, and the target of annual output of 40, 000 tons of lithium materials will be achieved within this year according to the plan. At present, the first phase of the 10,000-ton project has been put into production and the production capacity is saturated, and the supply exceeds the demand. At present, the product order has been arranged until June this year.

According to public data, Xiamen Tungsten Xinneng, formerly known as the Battery Materials Division of Xiamen Tungsten Industry, was listed in August 2021 and began to engage in the research, development, production and sales of cathode materials for lithium-ion batteries as early as 2004. It is one of the earliest enterprises in China to enter the lithium battery cathode material industry.