XTC New Energy gets CSRC approval for IPO on science and technology innovation board
2021-07-01 12:01:00 [Print]
On 29 June, China Securities Regulatory Commission (CSRC) announced its approval for IPO application of Xiamen XTC New Energy Co., Ltd. on science and technology innovation board.
Formerly known as XTC battery materials business unit, XTC New Energy started development and production of lithium-ion battery cathode materials in 2004 and ran independently in December 2016, with LCO and NCM ternary material as major products.
XTC tends to raise RMB1.5 billion (USD0.23 billion) by this IPO. After deducting the issuing expense, the company will invest RMB900 million (USD139 million) in the 40,000-ton-per-annum lithium-ion battery materials industrialization project (phase I and phase II) and use RMB600 million (USD92.78 million) as additional working capital.
Formerly known as XTC battery materials business unit, XTC New Energy started development and production of lithium-ion battery cathode materials in 2004 and ran independently in December 2016, with LCO and NCM ternary material as major products.
XTC tends to raise RMB1.5 billion (USD0.23 billion) by this IPO. After deducting the issuing expense, the company will invest RMB900 million (USD139 million) in the 40,000-ton-per-annum lithium-ion battery materials industrialization project (phase I and phase II) and use RMB600 million (USD92.78 million) as additional working capital.
LNCMO 622 Delivered China
Unit:RMB/kg
China lithium nickel cobalt manganese oxide producers' output statistics by province by month
Unit: mt
