Jinchuan Ruixiang plans IPO to fund cathode material expansion projects
2026-07-07 14:52:04 [Print]
On June 29, Jinchuan Ruixiang New Materials Co., Ltd., a subsidiary controlled by Jinchuan Group, received acceptance of its ChiNext IPO application from the Shenzhen Stock Exchange. The company plans to raise RMB3.78 billion (USD556.60 million) through this offering, which will be allocated to the construction of a 200,000tpy phosphate-based lithium-ion battery cathode material production line (phase II) and a 300,000tpy phosphate-based lithium-ion battery cathode material production line.
The projects are focused on building large-scale production capacity for the 4th-generation lithium iron phosphate (LFP) cathode materials featuring high compaction density. Upon completion, the company will have a supply capacity of over 500,000tpy of high-compaction LFP products, enabling it to rapidly meet the growing market demand from the electric vehicle and energy storage sectors.
The projects are focused on building large-scale production capacity for the 4th-generation lithium iron phosphate (LFP) cathode materials featuring high compaction density. Upon completion, the company will have a supply capacity of over 500,000tpy of high-compaction LFP products, enabling it to rapidly meet the growing market demand from the electric vehicle and energy storage sectors.
Lithium Iron Phosphate Li 3.9%min Delivered China
Unit:RMB/mt
China's ithium iron phosphate producers' output statistics by province by month
Unit: mt
