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XTC New Energy and Orano signed agreements to create two joint-ventures

* Source: Xiamen Tungsten * Author: admin * Issued_time: 2023-05-19 16:43:00 * PV: 65

On May 16, 2023 Beijing time, XTC New Energy and Orano signed the agreements to create two joint ventures in Paris. Philippe Knoche, CEO of Orano group, Didier David, Battery Project Director of Orano group, Huang Changgeng, Chairman of XTC group, Jiang Long, General Manager of XTC New Energy, and other leaders from both parties attended the ceremony.



In order to achieve overseas layout and win-win cooperation, the two parties will give full play to their respective advantages and form complementary advantages. Two joint venture companies will be established in France to produce and sell cathode materials and lithium-ion precursors. The one for cathode materials will be invested 51% by the European subsidiary of XTC New Energy and 49% by Orano CAM. The other for lithium-ion precursors will be invested 49% by the European subsidiary of XTC New Energy and 51% by Orano PCAM.



The cooperation has been closely followed by French President Emmanuel Macron, who spoke highly of it. He particularly emphasized the cooperation between XTC New Energy and Orano in the Dunkirk grand coastal city community will create 1,700 jobs and will enable France to secure an upstream position in the value chain of lithium battery production.



In the ceremony, Huang Changgeng, Chairman of XTC group: "The joint ventures of lithium-ion battery precursors and cathode materials invested by XTC New Energy and Orano come from both parties’ estimates and based on sincere cooperations. Both sides will bring their superiorities into full play. These projects will help XTC New Energy to bring its advanced solutions of new energy materials to Europe, and definitely put new vigor and vitality into the new energy material industrial base which is expected to be the most competitive in the world."



Jiang Long, General Manager of XTC New Energy, said that the signing of the joint venture agreements is in line with the group's development strategy and is an important measure for the overseas layout. It is conducive to accelerating the overseas market development and ensuring the stable and long-term development. XTC New Energy sincerely looks forward to working with Orano, taking this signing as an opportunity, to continue to carry out closer and in-depth cooperation, to jointly promote the rapid and steady development of the European new energy industry, and to make due contributions to carbon neutrality.


Philippe Knoche, CEO of Orano: "We are proud of these agreements, which see Orano and XTC New Energy combine their strengths and know-how to contribute to the development of a new industrial sector in France. This partnership confirms our determination to position Orano as a key industrial player in the energy transition and circular economy".


Didier David, Battery Project Director of Orano, mentioned that the European electric vehicle and battery market is full of opportunities and challenges. The cooperation projects between Orano and XTC New Energy are from key materials to the battery cycle, which will fill a very important link in the French and European electric vehicle markets. We are full of confidence in the prospects of cooperation between the two parties.


About XTC New Energy Group
XTC New Energy Group is an enterprise that develops, produces, and sells new energy materials. Its products are widely used in new energy vehicles, 3C consumer electronics, energy storage and other fields. It always adheres to the enterprise mission of “providing advanced material solutions for carbon neutrality”. It is always committed to accelerating the realization of the zero-carbon goal through technological innovation.


About Orano Group 
Orano Group is a French listed company focusing on the nuclear energy industry and low-carbon renewable energy. It has a history of more than 50 years. It is one of the largest nuclear industry groups in the world. It is also one of the few in this field that can provide all relevant industrial production processes for electric power companies, which include nuclear fuel cycling, extractive mining, recycling of recyclable materials, and dismantling of nuclear facilities.