China Carbon Graphite Group, Chinese manufacturer of graphene and graphite-based products, has announced that together with the research and development team of its subsidiary, Royal Elite New Energy Science and Technology ("Roycarbon"), the company is developing a new silicon graphene nanocomposite product for next-gen lithium-ion batteries.

This upcoming product is expected to replace the current anode material and would provide improvements in electrochemical performance for the latest EV and mobile device batteries.

"We are always eager to innovate and prepare for the rise of new alternatives. Our developing product is expected to grow alongside the silicon battery market which is forecasted to have an extremely high compound annual growth rate," said Donghai Yu, CEO of the Company.