The 200 million square meter diaphragm project of Xingyi New Materials started and it would be widely used in new energy vehicles.

Recently, Weihai Xingyi New Material Technology Co., Ltd. signed a contract for the annual production of 200 million square meters of lithium ion battery diaphragm project.

The project has a total investment of 650 million Yuan. The project covers an area of 66429.7 square meters. It has built 4 high-performance lithium battery separator production lines and 8 coating production lines. It is expected to be put into operation in December 2018. At that time, Weihai Xingyi will have 200 million square meters. Lithium battery diaphragm production capacity and 120 million square meters of coated diaphragm production capacity, the annual average sales income of 680 million Yuan, total profit of 280 million Yuan.

It is understood that the company established a wholly-owned subsidiary of Weihai Xingyi, Sichuan Sibo Co., Ltd. in Chengdu, China in 2015, and built and put into operation a 40 million square meter wet-process power lithium battery separator production line.

Weihai Xingyi New Material Technology Co., Ltd. was established on December 14, 2017. It is a high-tech enterprise integrating the production, research and development and sales of high-performance lithium battery separators. The company's products belong to the lithium battery supporting materials encouraged by the state. It is a high-tech product with high technology content, high product added value, new energy and environmental protection characteristics, and is widely used in new energy vehicles, digital products and other fields.

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