Against the backdrop of profound adjustments in the photovoltaic industry and structural overcapacity, GCL Tech, a new energy company, is accelerating its transformation from a single-product polysilicon manufacturer into a “global, multi-product new energy materials platform.” Following the official announcement of a comprehensive strategic upgrade on May 17, the company sent a clear signal at the SNEC International Photovoltaic Exhibition in early June: Leveraging the synergistic drive of its three core businesses—silicon, lithium, and carbon—GCL Tech aims to navigate industry cycles and seize development opportunities in the TWh-scale energy storage era through a development strategy centered on technology transfer from related fields and the repurposing of existing production capacity.

The granular silicon business serves as GCL Tech’s core pillar and technological foundation, continuing to demonstrate strong operational resilience even during the industry’s downturn. The 2025 financial report shows that the company achieved annual revenue of 14.425 billion yuan, with EBITDA turning positive and exceeding 2.8 billion yuan, while the gross margin rebounded to 9.3%. Leveraging its independently developed FBR (silane fluidized bed) core process, GCL has reduced the comprehensive electricity consumption of its granular silicon to 13.8 kWh/kg. The product has also received a Life Cycle Assessment (LCA) Verification Statement from the British Standards Institution (BSI), an internationally authoritative certification body. Its “cradle-to-gate” carbon footprint stands at just 14.2756 kgCO₂e/kg, setting a new global record for low-carbon production of silicon-based materials. This impressive low-carbon track record not only helps the company confidently navigate the EU’s carbon border adjustment mechanism but also lays a unique foundation in terms of raw materials and costs for its expansion into the lithium battery materials sector.

Substantial results from this transformation are rapidly materializing. In the lithium-based sector, GCL Tech’s proprietary physical iron oxide-based lithium iron phosphate (LFP) process has become a new growth engine. Unlike traditional industry processes, this technology—with its streamlined workflow, low energy consumption, and zero-emission green attributes—has established a differentiated competitive advantage in key metrics such as packing density and cycle life. In terms of capacity expansion, Leshan Xinneng’s 200,000-metric-ton lithium iron phosphate project has been completed and has entered the production commissioning phase. More notably, its products have passed rigorous certifications from leading domestic companies in the power and energy storage sectors, and have achieved mass adoption and early order commitments, demonstrating strong market appeal.

In the carbon-based sector, GCL Tech is maximizing its advantage as the world’s largest producer of silane gas. By retrofitting and repurposing existing FBR units at its Xuzhou and Leshan facilities, the company is using CVD technology to enter the high-barrier silicon-carbon anode sector. This “new use for existing assets” not only significantly reduces capital expenditures but also establishes a large-scale mass production barrier that competitors find difficult to replicate, precisely positioning the company for high-energy-density applications such as high-end power batteries and the “low-altitude economy.”

During SNEC, Hu Zeyi, Executive President of GCL Tech, stated that the company will steadfastly pursue the goal of “optimizing silicon-based products, strengthening lithium-based products, and solidifying carbon-based products,” while treating its global expansion as a core strategy. By establishing overseas operating entities, promoting localized supply chains, and refining a full-process carbon footprint traceability system, the company will transform its domestically leading technological capabilities into a green competitive advantage in the global market.

Extending from photovoltaic materials to lithium-ion batteries and carbon-based new energy materials, GCL Tech’s transformation is not a blind foray into new sectors, but rather an extension and upgrade of its industrial ecosystem based on core, shared technologies. With the Leshan lithium iron phosphate project set to commence production and the industrialization of silicon-carbon anode technology now complete, this leading enterprise—which has long been deeply rooted in the photovoltaic sector—is gradually moving beyond the cyclical nature of the industry and steadily advancing toward becoming a global new energy materials platform characterized by high value-added products and high technological barriers.