Fengyuan Co., Ltd. plans to build a high-energy lithium battery materials research institute with the Institute of Green Energy of the Chinese Academy of Sciences.

On December 17, Fengyuan announced that the company intends to sign the Strategic Cooperation Agreement with Qingdao Institute of Biological Energy and process of the Chinese Academy of Sciences (hereinafter referred to as "Qingneng Institute of Chinese Academy of Sciences"). The two sides plan to jointly build an advanced lithium-ion battery cathode materials research institute to cooperate in R & D and industrialization. In order to improve the company's core competitiveness in the field of lithium battery cathode materials, the cooperation period of the agreement (construction period) is 5 years, and the total amount is expected to be 10 million yuan (annual technology development fee is 2 million yuan).

It is reported that the Qingneng Institute of the Chinese Academy of Sciences was started by the Chinese Academy of Sciences, the people's Government of Shandong Province and the people's Government of Qingdao in July 2006, and passed tripartite acceptance on November 30, 2009 and incorporated into the management sequence of the "knowledge Innovation Project" of the Chinese Academy of Sciences. Qingdao Energy Institute of Chinese Academy of Sciences undertakes a number of important tasks of the country and Chinese Academy of Sciences, and has produced a number of great achievements in all-solid-state lithium battery industrialization system, new generation HN material biosynthesis technology, design and construction of artificial cells with carbon sequestration capacity by optical drive, design and application of carbon-hydrogen bond selective oxidation P450 enzyme, advanced energy conversion technology of biomass waste, development and high-value utilization of characteristic biological resources, etc.

The announcement shows that the two sides jointly established Zhongke Fengyuan High Energy Lithium Battery Materials Research Institute to carry out the research, development and industrialization of high energy density lithium battery high performance cathode materials. With the goal of continuously improving the specific capacity, working voltage, cycle stability, safety and other indicators of power battery cathode materials, we strive to set up a domestic first-class R & D team after five years of development, and develop a series of key technologies with independent intellectual property rights. Form a series of products and build an advanced lithium-ion battery materials research institute with prospective technical layout-applied basic research-pilot test-industrialization to enlarge the whole industry chain, so as to improve the core competitiveness of enterprise cathode materials.

Fengyuan shares said that through this cooperation with the Institute of Green Energy of the Chinese Academy of Sciences, the company will be able to make full use of the superior resources and R & D strength of the Institute of Green Energy of the Chinese Academy of Sciences. it will more effectively enhance the company's scientific research and technical research and development strength in the field of lithium battery cathode materials, enrich the company's forward-looking technology reserves, and speed up the landing of industrialization.

It is worth noting that Cui Guanglei is an independent director of the fifth board of directors of Fengyuan Co., Ltd. at the same time, he is currently a researcher and doctoral supervisor of the Institute of Youth Energy of the Chinese Academy of Sciences. In order to better promote this cooperation and not affect the principle of independence of the company's independent directors, Fengyuan shares received the resignation report of the company's independent director Cui Guanglei on December 16.

Data show that Fengyuan has covered lithium iron phosphate LFP and ternary material NCM two mainstream products, which can be widely used in power batteries, energy storage, consumer lithium batteries and other emerging fields; the ongoing high nickel ternary construction project will significantly enhance the company's first-mover advantage in the field of high-performance and high value-added cathode materials.

At present, Fengyuan shares are using their own or self-raised funds to build a high-nickel ternary 2000-ton production demonstration line construction project. According to the current equipment installation, the relevant mass production products are expected to be launched early in 2021.