MGL accelerates cathode material capacity expansion
2025-09-12 14:53:37 [Print]
Tianjin Guoan Mengguli New Materials Science & Technology Co
MGL has already applied for or secured key patents covering these materials. From 2022 to 2024, the company invested nearly RMB193 million (USD27 . 1 million) in research and development to support the implementation of the project.
. , Ltd . ("MGL") announced plans to raise RMB980 million (USD138 million) through a private placement to fund its 30,000tpa lithium battery cathode materials project with annual production capacities of 15,000t of ultra-high-nickel ternary materials, 10,000t of NCA, and 5,000t of high-voltage lithium cobalt oxide.MGL has already applied for or secured key patents covering these materials. From 2022 to 2024, the company invested nearly RMB193 million (USD27 . 1 million) in research and development to support the implementation of the project.