Recently, Kaisheng New Material announced that after deliberation and approval by the board of directors, it decided to re-demonstrate and suspend the implementation of the "10000 tons/year lithium battery new lithium salt project".
According to the announcement, the total investment of the project was originally planned to be 550 million yuan. As of November 30, 2025, the project has not been officially started, and the amount of fund raised is 0 yuan.
Kaisheng New Material said that the reason for the suspension is that during the current adjustment period of the new energy industry, lithium battery technology updates frequently and the market changes greatly. In order to avoid waste of resources, reduce the production and operation costs of enterprises, and improve the efficiency of the use of raised funds.
Triumph New Material is not the first company to adjust the lithium power project recently, and many lithium power industry chain enterprises have postponed the project before.
Tianzhi Material Announcement announced the second extension of the "41000 tons per year lithium-ion battery material project (Phase I)".
Mingguan New Material announced that the "annual output of 200 million square meters of aluminum-plastic film construction project" was postponed to December 31, 2027. The annual output
of Wanshun New Material is 100,000 tons of power and energy storage battery foil project, and the project progress is delayed compared with the original plan.
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