On January 13, 2026, the pCAM project at CNGR’s industrial base in South Kalimantan, Indonesia, officially commenced operation. Construction of the project began in February 2025, with the first batch of core production equipment arriving and being installed in July of the same year. The facility is now fully operational, with its annual production capacity set to be gradually ramped up to 20,000 tons.
According to the "Announcement on Adjusting Export Tax Rebate Policies for Photovoltaic and Other Products" jointly issued earlier by the Ministry of Finance and the State Taxation Administration, starting from April 1, 2026, the 13% VAT export rebate on pCAM products will no longer be available. Following the implementation of this policy, the export cost of Chinese ternary precursor products is expected to rise significantly. This measure is likely to further accelerate the overseas capacity deployment of domestic precursor manufacturers, expedite the construction of overseas production bases, and promote the localization of the global ternary supply chain.

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