Jiangxi Black Cat added more than 900 million yuan in investment to increase its layout in this field

Black Cat 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, with an estimated total project investment of 602 million yuan; Inner Mongolia Black Cat Nanomaterials Technology Co., Ltd. will invest an additional 587 million yuan in the 50,000 tons/year superconductive carbon black project, with an estimated total project investment of 1.008 billion yuan.

The two additional investment projects for Black Cat Carbon Black are both superconducting carbon black projects, and Black Cat continues to make efforts in this field.

It is understood that Jiangxi Black Cat Nano is a wholly-owned subsidiary of the company established in Tashan Industrial Park, Leping City, Jiangxi Province. The company completed industrial and commercial registration in November 2022, with an existing registered capital of 200 million yuan. Currently, Jiangxi Black Cat Nano is preparing to build a "Superconductive Carbon Black Project with an Annual Output of 20,000 tons."

Inner Mongolia Black Cat Nano is a wholly-owned subsidiary of the company established in the Low-Carbon Industrial Park of Wuhai City, Inner Mongolia Autonomous Region. The company completed its industrial and commercial registration on August 4, 2022, with an existing registered capital of 190 million yuan. Currently, the "50,000 tons/year Superconductive Carbon Black Project" is under preparation.

It is understood that in recent years, supply and demand of conductive carbon black for lithium batteries have been tight, and overseas companies on the supply side have been slow to expand production. On the demand side, driven by the growth of power battery and energy storage capacity, conductive carbon black for lithium batteries has shown a trend of exceeding supply, creating a good window for domestic substitution by Chinese enterprises.