FAP, May 16 / PRNewswire-FirstCall-Asianet /-- according to the announcement of Xiamen Tungsten Industry, Europe Xiamen Tungsten Xineng, a wholly-owned subsidiary of Xiamen Tungsten Xinneng, signed a joint venture agreement with Orano CAM and Orano PCAM on the establishment of battery cathode materials joint venture and precursor joint venture in France. The initial registered capital of the two joint ventures is 20 million euros, and the joint venture company will invest in the construction of cathode material projects and precursor projects in France, respectively.