MGL to invest in LFP project to expand cathode portfolio
2026-04-10 15:43:09 [Print]
Tianjin Guoan Mengguli New Materials Science & Technology Co., Ltd. (MGL) plans to sign an investment agreement with the Administrative Committee of Dazhou High-Tech Industrial Park in Sichuan and invest RMB500 million (USD73.19 million) to establish a wholly-owned subsidiary, Sichuan Mengguli New Materials Technology Co., Ltd. The new entity will develop an integrated lithium iron phosphate (LFP) project for fourth-generation and higher products, further strengthening the MGL's product portfolio and enabling full coverage of mainstream cathode materials.
The project comprises two segments, LFP and iron phosphate. The LFP project will be developed in two phases. Phase I will build a 50,000tpa LFP production line, followed by Phase II with an additional capacity of 100,000tpa. Total investment is estimated at RMB1.8 billion (USD264 million), with Phase I and Phase II accounting for approximately RMB700 million (USD103 million) and RMB 1.1 billion (USD161 million), respectively. Equipment commissioning for Phase I is expected to be completed by March 31, 2027.
The supporting iron phosphate project will also be implemented in two phases, each adding 100,000tpa of capacity. Total investment is projected at RMB 1.2 billion (USD176 million), with roughly RMB600 million (USD87.83 million) allocated to each phase.
The project comprises two segments, LFP and iron phosphate. The LFP project will be developed in two phases. Phase I will build a 50,000tpa LFP production line, followed by Phase II with an additional capacity of 100,000tpa. Total investment is estimated at RMB1.8 billion (USD264 million), with Phase I and Phase II accounting for approximately RMB700 million (USD103 million) and RMB 1.1 billion (USD161 million), respectively. Equipment commissioning for Phase I is expected to be completed by March 31, 2027.
The supporting iron phosphate project will also be implemented in two phases, each adding 100,000tpa of capacity. Total investment is projected at RMB 1.2 billion (USD176 million), with roughly RMB600 million (USD87.83 million) allocated to each phase.
Lithium Iron Phosphate Li 3.9%min Delivered China
Unit:RMB/mt
China's ithium iron phosphate producers' suspension number statistics by province by month
Unit: pcs
