Xiamen Tungsten New Energy Kicks Off $3.15 Billion Cathode Material Precursor Project in France with Orano PCAM

[SMM Analysis: Silicon Carbon Track Undergoes Massive Expansion, Industry Competition on the Verge of Breaking Out] As global demand continued to climb, anode material, as one of the core materials of lithium batteries, saw multiple projects launched in May, with the silicon-based route becoming a key focus of strategic deployment.

On May 25, the board of directors of Sunwoda reviewed and approved a proposal regarding the capital increase and share expansion of its subsidiary, Sunwoda Power. It agreed that 13 enterprises—including Gongrong Financial Investment, Yuanzhi Gongrong, Nongyin Investment, Zhongyou Investment, Jinyan Business Management, Deyang Investment Holdings, Regional Synergy Fund, Zhigu Investment, United Winners Laser, Yinghe Technology, Jiaxing Jixin, Yip's Chemical, and Luohu High-Tech Investment—would jointly invest a total of 1.6798 billion yuan to increase the capital of Sunwoda Power. These enterprises will collectively hold 6.30% of Sunwoda Power's shares, while Sunwoda's equity stake in Sunwoda Power will change from 29.00% to 27.18%.

In the first quarter of 2026, global energy storage system shipments reached 100.0 GWh, a 96.5% increase from 50.9 GWh in the same period of 2025, bringing quarterly shipments to an entirely new scale.