Snowy Weather Salt Plans to Acquire Controlling Stake in Kuntian New Energy

Xuetian Salt Industry recently disclosed that it is planning to acquire control of Hebei Kuntian New Energy Co., Ltd. through a combination of issuing shares and paying cash, and intends to raise配套 funds by issuing shares to no more than 35 specific investors. Kuntian New Energy primarily engages in the research, development, production, and sales of synthetic graphite products for lithium-ion batteries, which are used in automotive power batteries and consumer batteries, indirectly serving applications such as buses and passenger vehicles. The company was previously included in the Hurun Global Unicorn List 2026, with a valuation of RMB 12.9 billion, making it one of six companies from Hebei Province on the list. Currently, Kuntian New Energy has established three integrated lithium battery anode material production bases in Hebei, Sichuan, and Yunnan. In January 2026, its Phase II project in Yunnan—Kuntian’s 80,000-ton lithium battery anode material facility—commenced operations, bringing its total annual anode material production capacity to over 210,000 tons, with long-term plans exceeding 300,000 tons. Xuetian Salt Industry primarily operates in salt and salt-based chemical products. In December 2025, it completed the acquisition of a 41% stake in Meite New Materials, becoming its controlling shareholder. Meite New Materials produces lithium cobalt oxide using raw materials such as lithium carbonate, with products applied in high-end 3C electronics. Xuetian Salt Industry stated that the proposed transaction remains in the planning stage, with specific details still under discussion and subject to uncertainties.