Hunan Zhongke Electric Co. Ltd., a publicly listed Chinese battery materials manufacturer, has unveiled plans to invest approximately $1.1 billion in establishing Oman’s first lithium-ion battery anode materials production facility. The strategic project is expected to play a vital role in advancing Oman’s ambitions to become a regional hub for clean energy technology and manufacturing.

The investment will be made through Zhongke’s wholly owned Hong Kong-based subsidiary, Zhongke Shinzoom (Hong Kong) Holdings Ltd., which operates under its holding subsidiary, Hunan Zhongke Shinzoom Graphite Co. Ltd. The project aims to develop an integrated manufacturing base capable of producing 200,000 metric tons of lithium-ion battery anode materials per year.

The proposed facility will be located within the Sohar Port and Free Zone, one of Oman’s key industrial and logistics centers. Construction will be carried out in two phases. Each phase will add 100,000 metric tons of annual production capacity, with each phase expected to take around 36 months to complete. When fully operational, the plant will be one of the largest of its kind in the region.

Zhongke Electric specializes in the research, development, manufacturing and distribution of graphite-based negative electrode materials used in lithium-ion batteries. These materials are critical components in batteries used in consumer electronics, electric vehicles and energy storage systems. In addition to battery materials, the company also manufactures electromagnetic equipment and a range of industrial products. Its client portfolio includes some of the leading battery manufacturers in China and across global markets.

By launching this large-scale project in Oman, Zhongke aims to capitalize on the shifting dynamics of the global lithium-ion battery supply chain. The company views the Oman facility as a gateway to international markets, particularly in Europe, the Middle East and Africa. The initiative also aligns with Zhongke’s broader strategy to establish itself as a dominant global brand in the battery materials sector.

The planned investment is part of a larger wave of clean energy-related projects currently under development in Oman. Alongside ongoing investments in solar photovoltaics, polysilicon manufacturing, wind turbine components and green hydrogen, the lithium battery materials project will further strengthen Oman’s positioning as a competitive base for clean energy exports.

Officials and analysts expect the project to bring significant economic benefits to the Sultanate, including job creation, technology transfer and the diversification of Oman’s industrial base. The initiative supports the country’s Vision 2040 objectives, which aim to attract high-value foreign direct investment and transition toward a knowledge-based, sustainable economy.