Xingshun New Materials signs LFP tolling agreement with Qinghai Fudi
2025-12-05 15:24:31 [Print]
Hubei Xingshun New Materials Co., Ltd., a wholly-owned subsidiary of Hubei Xingfa Chemical Group, has signed a two-year lithium iron phosphate (LFP) tolling agreement with Qinghai Fudi Industrial Co., Ltd., a wholly-owned subsidiary of BYD. Under the agreement, Qinghai Fudi will commission Xingshun New Materials to produce 80,000 tonnes per year of LFP, with processing fees payable to Xingshun. The agreement has a term of two years, with the option to extend for an additional year.
Xingfa Group, specializing in the production and sale of fine phosphate chemicals, has been expanding into the new energy sector, with projects including 100,000tpy of iron phosphate, 80,000tpy of lithium iron phosphate, and 100,000tpy of lithium dihydrogen phosphate. In the first nine months of 2025, the new energy segment accounted for around 3% of the group's total revenue. This agreement is expected to help the group fully utilize its new energy capacity and enhance overall performance.
Xingfa Group, specializing in the production and sale of fine phosphate chemicals, has been expanding into the new energy sector, with projects including 100,000tpy of iron phosphate, 80,000tpy of lithium iron phosphate, and 100,000tpy of lithium dihydrogen phosphate. In the first nine months of 2025, the new energy segment accounted for around 3% of the group's total revenue. This agreement is expected to help the group fully utilize its new energy capacity and enhance overall performance.
Lithium Iron Phosphate Li 3.9%min Delivered China
Unit:RMB/mt
China's ithium iron phosphate producers' sales volume statistics by province by month
Unit: mt
