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25

2024

-

09

A lithium battery company in Jiangsu caught fire! The total project investment exceeds 3 billion yuan.

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The report shows that on September 16, 2024, at approximately 16:44, Nantong Beixin New Energy Technology Co., Ltd. (hereinafter referred to as "Nantong Beixin") experienced a fire accident, which did not result in any casualties. The fire has been extinguished, and on-site disposal work is still ongoing. The cause of the accident is under investigation.

 

On September 17, the management office of the Qidong Life and Health Industry Park in Jiangsu issued an accident report.

 

The report shows thatat approximately 16:44 on September 16, 2024, a fire broke out at Nantong Beixin New Energy Technology Co., Ltd. (hereinafter referred to as "Nantong Beixin"), resulting in no casualties. The fire has been extinguished, and on-site disposal work is still ongoing, with the cause of the accident under investigation.

Source: Video screenshot

 

Witnesses reported that the factory first exploded and caught fire, quickly turning into a large blaze that was completely uncontrollable, making it impossible to approach.

Shortly after the fire broke out, multiple fire trucks arrived at the scene. However, due to the special materials that were burning, not only was the fire fierce, but explosions were also continuously heard, making firefighting difficult and dangerous.

Source: Video screenshot

 

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

 

Nantong Beixin mainly engages in the recycling and utilization of power batteries, extracting key energy metals such as nickel, cobalt, lithium, and manganese, thereby producing battery-grade nickel sulfate, cobalt sulfate, lithium carbonate, and manganese sulfate, which are used to prepare lithium-ion battery precursors and cathode materials, serving the fields of new energy vehicles and energy storage. The company's shareholders include GAC Capital, Chenda Capital, CMB International, Yingke Capital, Qingxin Capital, and Nantong Kechuang Investment.

Image source: Qichacha

 

It is reported that the Nantong Beixin factory where the fire occurred operates a comprehensive utilization and green manufacturing project for waste power batteries of new energy vehicles under its wholly-owned subsidiary Jiangsu Lithium Cycle New Energy Technology Co., Ltd. (abbreviated as: Lithium Cycle New Energy).

 

This project broke ground on April 26, 2023, in the Qidong Life and Health Industry Park, with a total investment of 3.076 billion yuan. Once completed, it will be able to recycle and dispose of 300,000 tons of waste new energy power lithium batteries annually, producing approximately 200,000 tons of finished battery materials and cathode materials, as well as other recycled materials.

 

Image source: Nantong Radio and Television Station

 

Data shows that this project is invested and constructed by Lithium Cycle New Energy, mainly engaged in the recycling and utilization of metals such as nickel, cobalt, manganese, and lithium from waste power lithium batteries of new energy vehicles.

 

Dai Xumin, general manager of Lithium Cycle New Energy, stated at the groundbreaking ceremony that the project has a total capacity of 300,000 tons for the dismantling and crushing of waste power and energy storage batteries, extending to materialization and productization. It is expected to be completed and put into production by the end of 2024, and from 2025 to 2026, it will smoothly welcome the first wave of retirement peaks for waste power batteries in the country.

 

(Source: Battery Network, Polar Star Power Network, Lithium Battery Dispatch, Nantong Radio and Television Station)


 

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