Group 1 - The company, Xiamen Tungsten Co., Ltd. (688778.SH), announced plans to invest 600 million yuan to establish a wholly-owned subsidiary, Xiamen Canghai New Energy Materials Co., Ltd. [1] - The investment aims to construct a project with an annual production capacity of 50,000 tons of high-performance battery materials, with a total estimated investment of 1.525 billion yuan [1] - The funding for the project will come from the company's own funds and loans, and the technology route of low-cobalt high-performance materials aligns with the strategic development plans of downstream customers, ensuring technological sustainability [1]