Tianci Materials (002709.SZ) subsidiary plans to invest no more than 5 billion yuan to build a project with an annual output of 500,000 tons of electrolyte and supporting materials

According to the Zhitong Finance App, Tianci Materials (002709.SZ) announced that the company's subsidiary Chizhou Tianci High-tech Materials Co., Ltd. (hereinafter referred to as “Chizhou Tianci”) or its subsidiary will use self-financing to invest in the construction of a “project with an annual output of 500,000 tons of electrolyte and supporting materials”. The construction period of the project is 24 months, with a total investment of no more than 5 billion yuan.

The layout of the electrolyte and upstream core raw materials integration project in Chizhou is a production capacity layout based on long-term business development plans. By building an integrated production base, we will further strengthen the company's core production capacity layout for electrolytes and upstream raw materials, guarantee the company's medium- to long-term product delivery capacity, meet the company's future business development and market expansion needs, support business scale expansion, match the company's established market share goals, and stably meet the growing downstream market demand.

Through the implementation of this project, the company will rely on the Chizhou integrated centralized production model to shorten the transportation distance of materials in the industrial chain, effectively reduce the transportation costs of raw materials and finished products, optimize the overall production cost structure, and continue to strengthen the company's advantages in local supply, delivery cycle, quality assurance, etc., further enhance the overall competitiveness of the product, inject new impetus into the continuous rapid growth of the company's lithium-ion battery materials business, which is of great significance in promoting the company's long-term stable development.