XTC New Energy Materials (Xiamen) Co., Ltd. achieved annual sales of 72,070.5 tonnes of cathode materials for lithium battery in 2023, maintaining a leading position in China's lithium cathode material market.

In 2023, XTC New Energy produced 34,765 tonnes and sold 34,590 tonnes of lithium cobalt oxides (LCO), up by 2.66% and 4.15% respectively from the previous year, again topping LCO shipments. The company also reported annual production of 36,716 tonnes of ternary material, down by 23.05% YoY, with annual sales down by 19.39% YoY to 37,404 tonnes.