XTC New Energy delivers strong cathode materials performance

XTC New Energy Materials (Xiamen) Co., Ltd. reported operating revenue of RMB19.88 billion (USD2.91 billion) in 2025, marking a 46.7% year-on-year increase. During the period, the company achieved lithium-ion cathode material shipments of 142,700 tonnes, up 44.77% YoY, maintaining its leading position in China's cathode materials sector.

By product segment, lithium cobalt oxide (LCO) sales totaled 65,300 tonnes, of which high-voltage products above 4.5V accounted for 58%, up 41.31% YoY, retaining its position as the world's top supplier.

Ternary materials shipments reached 55,500 tonnes, up 7.89% YoY, while sales of lithium iron phosphate (LFP) materials surged to 22,000 tonnes, up an exceptional 2,170.77% YoY, supported by ongoing capacity ramp-up.