On Nov 10, the People's Government of Juungar Banner, the Juungar Economic Development Zone, and Tianmu Xiandao Battery Materials Technology Co signed an investment cooperation agreement, marking the launch of another high-tech industry project in the region.

The People's Government of Juungar Banner, the Juungar Economic Development Zone, and Tianmu Xiandao Battery Materials Technology Co sign an investment cooperation agreement. [Photo by Yue Chenyan/WeChat account of Juungar Banner Publishing]

Tianmu Xiandao is a national high-tech enterprise specializing in the research, development, production, and sales of advanced materials for lithium-ion batteries, including high-end nano-silicon-based anode materials, solid-state electrolytes, and porous carbon. The company's silicon-based anode products are internationally leading in performance and are widely used in fields such as electric vehicles, consumer electronics, low-altitude aviation, embodied intelligence, and power tools.

The project plans to invest 5 billion yuan ($702.3 million) in the phased construction of a high-end nano-silicon-carbon anode material production base for lithium-ion batteries. In the first phase, production lines will be established to produce 20,000 metric tons of silicon-carbon anode materials and 10,000 tons of porous carbon annually. The second phase will expand capacity to 30,000 tons of silicon-carbon anode materials and 20,000 tons of porous carbon per year. Upon completion, the project is expected to achieve an output value of 10 billion yuan.

Before the signing ceremony, county-level government leader Wang Guoquan and Tianmu Xiandao's President Yin Weidong discussed the project's implementation, confirming the "project loan" and addressing funding issues.