[Kaisheng New Materials suspends 550 million yuan lithium battery material project]On December 10, 2025, Kaisheng New Materials (301069. SZ) announced the suspension of the implementation of the "10000 tons/year new lithium salt project for lithium batteries" with a total investment of 550 million yuan, and will re evaluate the project's market returns. This project is the core project of the company's convertible bond fundraising in 2023, intending to produce high-end lithium battery material LiFSI. As of now, it has not started construction and has not invested in fundraising. The announcement pointed out that the main reason for the suspension is that the new energy industry is in a period of adjustment, with frequent iterations of lithium battery technology and drastic market changes, coupled with the pressure of overcapacity in the industry. The company has made prudent decisions to avoid resource waste and improve the efficiency of fundraising. This adjustment has been approved by the board of directors and independent directors, and the sponsor Southwest Securities has no objections. It will not have a significant impact on the company's existing production and operation.Editor/Bian Wenjun
On December 11, 2025, at the signing ceremony for key projects in the fourth quarter of 2025 in the Yantan District of Zigong, Sichuan, Luoyang Ronghui Chemical Technology Co., Ltd. officially signed a contract for the annual production of 2000 tons of silicon carbon negative electrode materials with an investment of 650 million yuan, and settled in the South Sichuan New Materials Chemical Industrial Park in Zigong. This project focuses on the production of high-quality new silicon carbon negative electrode materials, which will break through the technological bottlenecks of high investment, high energy consumption, and poor stability in traditional processes, and promote the extension of the park from fluorine silicon basic materials to high value-added terminal materials. After the project reaches full production capacity, it is expected to have an annual output value of about 800 million yuan, providing key material support for new energy fields such as power batteries and energy storage. At the same time, it will help improve the "salt chlor alkali chemical fluorosilicon new materials" industry chain in the coastal areas and strengthen the competitiveness of the new materials industry cluster in southern Sichuan.Editor/Bian Wenjun
On December 16, 2025, the candidate for the EPC general contracting of Xiaxian 100MW/120.33MWh hybrid energy storage power station project of Xiaxin Hengsheng (Shanxi) New Energy Co., Ltd. was officially announced. The project is located in Shuitou Industrial Park, Xia County, Yuncheng City, with a total investment of 520 million yuan. It adopts a hybrid energy storage configuration of 40MW/30S supercapacitors+60MW/120MWh lithium iron phosphate batteries, including 12 sets of lithium battery energy storage systems and 11 sets of supercapacitor energy storage systems, and supporting facilities such as booster stations.Editor/Bian Wenjun