Recently, XTC New Energy Materials announced that its wholly-owned subsidiary, XTC New Energy Materials Europe GmbH, plans to establish a joint venture with Orano PCAM, a wholly-owned subsidiary of French Orano Batteries, to establish Orano/XTC New Energy - PCAM in France, jointly promoting the construction of a 40,000 tonne cathode material precursor project.
The total investment of this project is as high as 210 million euros. This cooperation not only provides clean energy guarantee for the project, but also carries out in-depth cooperation in battery technology research and innovation, electric vehicle battery recycling and other fields, jointly promoting the sustainable development of the electric vehicle industry.
Edited by Cassie Li, lixiangying@mysteel.com
