On March 8, 2022, JXSH Advanced Materials Technology Corporation announced that the company will invest 2 billion yuan to build a new graphene composite fiber and graphene interwoven fabric production base.
The first phase of the graphene composite fiber and graphene interwoven fabric project will be fully completed and put into production by the end of November 2022, and the second phase will be fully put into production by the end of December 2024. After it is put into production, it will produce 120,000 tons of graphene low elastic yarn and 20,000 tons of graphene fabric annually.