Dynanonic plans private placement to expand lithium battery new materials capacity
2026-06-23 15:52:47 [Print]
Shenzhen Dynanonic Co., Ltd. announced plans to raise up to RMB2.9 billion (USD427.81 million) through a private placement of shares to specific investors. The net proceeds, after deducting issuance expenses, will be allocated to the phase I integrated lithium battery new materials project--namely, a 200,000tpy phosphate-based new materials facility--and to supplement working capital. Of the total, RMB2.15 billion (USD317.17 million) is earmarked for the integrated project, which carries an overall investment of RMB2.4 billion (USD354.05 million), while RMB750 million (USD110.64 million) is set aside for working capital.
The project will be situated in the Huashan Industrial Zone within the Qujing High-Tech Industrial Development Zone in Yunnan Province, with a construction period of 24 months. The initiative aims to add a production capacity of 200,000tpy of next-generation high-compaction-density phosphate-based new materials, in response to surging demand from the new energy vehicle and energy storage markets.
The company's core business encompasses the research, development, production, and sales of key materials for lithium-ion batteries, with its primary product portfolio comprising nano lithium iron phosphate, lithium iron manganese phosphate, and lithium-replenishing enhancers. The proposed private placement--covering both the investment projects and the working capital top-up--is fully aligned with the company's principal operations, reinforcing its strategic focus and underscoring its commitment to strengthening its position in the battery materials sector.
The project will be situated in the Huashan Industrial Zone within the Qujing High-Tech Industrial Development Zone in Yunnan Province, with a construction period of 24 months. The initiative aims to add a production capacity of 200,000tpy of next-generation high-compaction-density phosphate-based new materials, in response to surging demand from the new energy vehicle and energy storage markets.
The company's core business encompasses the research, development, production, and sales of key materials for lithium-ion batteries, with its primary product portfolio comprising nano lithium iron phosphate, lithium iron manganese phosphate, and lithium-replenishing enhancers. The proposed private placement--covering both the investment projects and the working capital top-up--is fully aligned with the company's principal operations, reinforcing its strategic focus and underscoring its commitment to strengthening its position in the battery materials sector.
Lithium Metal 99%min Delivered China
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China lithium cobaltate producers' operating rate statistics by province by month
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