Local Chinese media have reported that CYFJ, a Chinese supplier for materials used in Li-ion batteries, is currently building a plant for the manufacturing of high-performance anode materials in the Liujing Industrial Park of Naning. The plant is designed to have a production capacity of 100,000 tons per year and expected to enter operation near the end of 2023. Naning is the capital of China’s Guangxi Zhuang Autonomous Region.
The plant is being built in two phases and entails a total investment of RMB 3 billion. The plant site takes up an area of 700 mu, and the facility buildings and supporting infrastructure takes up an area of 350,000 square meters. The second phase will begin only after the first phase is completed and enters operation. According the development schedule, the plant will be activated in December 2024. With its production capacity fully ramped up, the plant is expected to generate an annual output value of RMB 5 billion.
The phase 1 of the plant spans an area of around 500 mu and accommodates an integrated production line that has a production capacity of 50,000 tons per year for high-performance carbon-based anode materials. The facility building of the phase 1 spans an area of around 200,000 square meters. The first production line is set to enter operation near the end of 2023. The phase 2 will begins only after the activation of the phase 1. The entire plant is scheduled to be fully built and operational by December 2024.
The local Chinese media have reported that the new plant for the manufacturing of anode materials will contribute the formation of the key industries in Nanjing. These industrial sectors, which are worth hundreds of billions of yuan, include new energy technologies, new energy vehicles, automotive components, and electronic information technologies. Also, by landing a plant in the Liujing Industrial Park, CYFJ is also hastening the formation of local manufacturing bases for advanced materials and petrochemical products. Lastly, Naning now has gained more momentum in transforming itself into a major hub for manufacturing battery materials in China.
The plant is being built by Naning CYFJ, a wholly-owned subsidiary of CYFJ. Having many years of experience in the area of anode materials used in Li-ion batteries, CYFJ has established a first-class R&D team for the development of related products. The company develops, manufactures, and sells anode materials. In terms of scale, CYFJ’s designated production capacity figures for high-performance carbon-based anode materials and high-capacity anode materials based on silicon-carbon combinations come to 13,000 tons per year and 7,000 tons per year respectively.
According to the available information from Chinese websites, Hunan CYFJ New Energy Technology recently completed its Series B fundraising. Investors include Zhejiang Dajing Investment and Hangzhou Silicon Valley Zhenshi Asset Management. The amount that was raised has been disclosed.
This article is a translation of a Chinese article posted by TrendForce. It contains information that is either sourced from other news outlets or accessible in the public domain. Some Chinese names are transcribed into English using Hanyu Pinyin.