Shanshan plans to raise additional capital to expand production

On October 17, Shanshan Co.
, Ltd.
threw out a fixed increase plan, planning to raise no more than 6 billion yuan, and invest in the 300,000 tons/year lithium-ion battery anode material integration base project (phase I)
of Yunnan Shanshan New Materials Co.
, Ltd.

Specifically, as the main fundraising and investment project, the battery anode material project intends to use the raised funds of 4.
2 billion yuan, and will build production facilities such as milling workshop, modification workshop, pre-graphitization workshop, graphitization workshop, carbonization workshop, etc.
, to form an anode material production line
integrating raw material processing, low-temperature modification, graphitization, carbonization, finished product processing and other processes.

From the perspective of implementation purposes, the expansion of Shanshan Co.
, Ltd.
is a move
to cope with the high growth of demand for lithium battery anode materials under the background of the vigorous development of new energy vehicles.
In the face of downstream market opportunities, the company frankly said that the production capacity of lithium battery anode materials is becoming increasingly tight, and the supply of products exceeds demand
.
According to the announcement, the current effective production capacity of Shanshan Co.
, Ltd.
's anode material finished products is 180,000 tons/year, while the graphitization's own production capacity is only 94,000 tons/year, and the production capacity of the two does not match, and the proportion of outsourcing processing is relatively high
.

Shanshan said that through the implementation of this fundraising and investment project, it can not only further improve the company's integrated production capacity, improve the graphitization self-sufficiency rate, highlight the cost economy of integrated production, but also strengthen the stability of the company's anode material supply and enhance its core competitiveness
.