New Materials Industry

In 2020, industrial enterprises above the designated size increased their added value by 8.4 percent year on year with an output value of more than RMB 660 billion. Fujian province boasts a production capacity of more than 15,000 tons of rare earth materials, including magnetic materials, hydrogen storage materials, and luminescent materials. Twenty-eight grapheme-related platforms have been built across the province. The production of LED products, hydrogen storage alloy materials for hybrid battery and laser crystals ranks among the top in China.