Black Cat shares added investment to accelerate the construction of superconducting carbon black projects

Jiangxi Black Cat Carbon Black Co., Ltd. announced on October 30 that the company plans to invest an additional 342 million yuan in the superconductive carbon black project of Jiangxi Black Cat Nanomaterials Technology Co., Ltd. with an annual output of 20,000 tons, and to Inner Mongolia Black Cat Nanomaterials Technology Co., Ltd. The company has invested an additional 587 million yuan in the superconductive carbon black project of 50,000 tons/year. This decision will effectively promote the development of Black Cat in the high-tech field.

It is reported that Jiangxi Black Cat Nanomaterials Technology Co., Ltd. is a wholly-owned subsidiary of Black Cat in Tashan Industrial Park, Leping City, Jiangxi Province. It completed its industrial and commercial registration in November 2022 with a registered capital of 200 million yuan. The company is currently preparing to build a super conductive carbon black project with an annual output of 20,000 tons.

At the same time, Inner Mongolia Black Cat Nanomaterials Technology Co., Ltd. is a wholly-owned subsidiary of Black Cat in the Low-Carbon Industrial Park of Wuhai City, Inner Mongolia Autonomous Region. It completed its industrial and commercial registration on August 4, 2022, with a registered capital of 190 million yuan. The company is actively preparing to build a super-conductive carbon black project with an annual output of 50,000 tons to meet market demand.

The common feature of these two projects is that they are both superconducting carbon black projects. Black Cat continues to increase investment in this field, showing strong development momentum. In recent years, the supply and demand relationship of conductive carbon black for lithium batteries has been tense. The supply side has been affected by the slow expansion of production by overseas companies, while the demand side has benefited from the growth of the power battery and energy storage industries, which has led to the continuous rise in demand for conductive carbon black for lithium batteries., showing a situation where supply exceeds demand. This provides an excellent opportunity for Chinese companies to formulate domestic alternative plans. Black Cat is actively responding to market demand and contributing to the development of the industry.