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25

2024

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09

Fire Breaks Out at Lithium-Battery Company in Jiangsu; Total Project Investment Exceeds RMB 3 Billion

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According to the official report, at approximately 4:44 p.m. on September 16, 2024, a fire broke out at Nantong Beixin New Energy Technology Co., Ltd. (hereinafter referred to as “Nantong Beixin”), but no casualties were reported. The blaze has since been extinguished, and on-site response efforts are ongoing; the cause of the incident is currently under investigation.

 

On September 17, the Management Office of the Qidong Life and Health Industrial Park in Jiangsu Province issued an accident report.

 

The notification shows that, At approximately 4:44 p.m. on September 16, 2024, a fire broke out at Nantong Beixin New Energy Technology Co., Ltd. (hereinafter referred to as “Nantong Beixin”), with no casualties reported. The blaze has since been extinguished, and on-site response efforts are ongoing; the cause of the incident is currently under investigation.

Source: Video screenshot

 

According to eyewitnesses, the factory first exploded and caught fire, quickly escalating into a massive blaze that was completely out of control—so intense that even getting close was impossible.

Shortly after the fire broke out, several fire trucks arrived at the scene. However, due to the unusual nature of the materials involved, the blaze was not only intense but also accompanied by frequent explosions, posing significant challenges and hazards for firefighting efforts.

Source: Video screenshot

 

According to Qichacha data, Nantong Beixin (formerly known as Nantong Beixin New Energy Technology Co., Ltd.) was established in 2012 and is headquartered in Nantong City, Jiangsu Province. The company’s legal representative is Cheng Zhifang, with a registered capital of approximately RMB 67.4073 million, and it is a enterprise engaged in the recycling and reuse of power batteries.

 

Nantong Beixin primarily engages in the recycling and utilization of power batteries, extracting critical energy metals such as nickel, cobalt, lithium, and manganese to produce battery-grade nickel sulfate, cobalt sulfate, lithium carbonate, and manganese sulfate. These products are used to manufacture lithium-ion battery precursors and cathode materials, serving sectors such as new-energy vehicles and energy storage. The company’s shareholders include GAC Capital, Chendao Capital, China Merchants Bank International, InnoVision Capital, Qingxin Capital, and Nantong Science and Technology Investment Group, among others.

Image source: Qichacha

 

According to reports, the Nantong Beixin plant where the fire occurred is a comprehensive utilization project for end-of-life power batteries from new-energy vehicles and a green manufacturing facility for cathode materials, operated by Jiangsu Lixun New Energy Technology Co., Ltd., a wholly owned subsidiary of the company (hereinafter referred to as “Lixun New Energy”).

 

The project broke ground on April 26, 2023, at the Qidong Life and Health Industrial Park, with a total investment of RMB 3.076 billion. Upon completion, it is expected to annually recycle and dispose of 300,000 metric tons of end-of-life lithium-ion power batteries from new energy vehicles, producing approximately 200,000 metric tons of finished battery precursors and cathode materials, as well as other recycled materials.

 

Image source: Nantong Radio and Television Station

 

According to available information, the project is invested in and developed by LiXun New Energy, with its primary focus on the recycling and utilization of metals such as nickel, cobalt, manganese, and lithium from retired power lithium batteries used in new-energy vehicles.

 

At the groundbreaking ceremony, Dai Xumin, General Manager of Lixun New Energy, stated that the project—a vertically integrated industrial chain spanning the dismantling and crushing of end-of-life power and energy-storage batteries, up to material recovery and product manufacturing, with a total capacity of 300,000 tonnes—is scheduled for completion and commissioning by the end of 2024. Furthermore, during 2025–2026, the project will be well positioned to handle the first peak in the retirement of domestically retired power batteries.

 

(Source: Battery Network, North Star Power Network, Lithium Battery Circle, Nantong Radio and Television Station)


 

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