Xiangfenghua acquires Dingfeng Carbon

Xiangfenghua completed the acquisition of Dingfeng Carbon. Dingfeng Carbon is a graphite material developer, mainly engaged in the production of graphite materials and related products. Xiangfenghua is a lithium-ion battery negative electrode material manufacturer, and its main products include natural graphite, artificial graphite, and silicon-carbon negative electrode materials. This acquisition will help both parties to generate synergy in market layout, technology research and development, and improve the market competitiveness and sustainable development capabilities of listed companies.