Zhitong Finance App News, Rongbai Technology (688005.SH) announced that the company will use sodium cathode materials as an important part of the platform-based strategy. On the basis of continuing to promote technology research and development, customer verification and existing production line operation, the company will coordinate the layout of Xiantao and Xiangyang sodium electric cathode material production bases to gradually increase large-scale manufacturing and delivery capabilities. The company has previously invested in the Xiantao project. Based on the Xiantao layout, the company plans to invest in the construction of an integrated sodium electrocathode material project with an annual output of 200,000 tons in Xiangyang. Currently, the Xiantao and Xiangyang projects have a total annual production capacity of 500,000 tons of sodium electrocathode materials.
In line with the sodium-electric industrialization process and customer needs, the company is currently prioritizing the construction of the first phase of Xiantao and 200,000 ton projects in Xiangyang. The specific launch dates of Xiantao Phase II and Phase III and the construction and commissioning schedule of each project will be determined based on actual customer orders, capacity utilization, capital implementation, and related approval progress. The 200,000 ton project in Xiangyang will be implemented by the company and its subsidiaries within the scope of the schedule, with an estimated total investment of about 3,603 billion yuan (the final total investment of the project is based on actual investment). Among them, fixed assets invested 3.123 billion yuan and operating capital invested 480 million yuan. The total planned production capacity of the project is 200,000 tons per year.
This project is an important step for the company to advance its platform-based strategy. While consolidating the core business of ternary cathode materials, the company continues to lay out diversified cathode material systems such as sodium electricity, lithium iron phosphate, and lithium manganese iron phosphate. After the implementation of the project, the company's cathode material product matrix and large-scale delivery capacity are expected to be further improved, which is conducive to reducing dependence on a single product and a single technology route. At the same time, the project is conducive to improving the company's sodium cathode material production layout. The company's polyanionic cathode materials have been shipped in batches and entered some core customer supply systems. The company plans to promote construction in an integrated manner according to the order of Xiantao Phase I, Xiangyang Project, Xiantao Phase II and Phase III, and gradually apply the process and operation experience of the early production line to subsequent projects, which is conducive to improving production organization, customer response and large-scale delivery capabilities.