380 million yuan! The first phase of Hangsheng lithium energy 100000 ton electrolyte project starts.

On the morning of February 14, the groundbreaking ceremony for the first phase of the 100000 ton lithium battery electrolyte project of Guizhou Hangsheng Lithium Energy Technology Co., Ltd. (hereinafter referred to as: Hangsheng Lithium Energy) was held in Xifeng Economic Development District, Guizhou Province. Hundreds of guests from the company's industrial chain investors, supplier representatives, downstream customers and industry associations gathered in Xifeng, Guizhou Province. Secretary-General of Zhongguancun New Battery Technology Innovation Alliance and Chairman of Battery 100 Association Yu Puritanism were invited to attend and deliver a speech.

The Battery Network learned on the spot that the Hangsheng New Energy Industry Park, invested by Hangsheng Lithium Energy, is located in Xiaozhaiba Town, Xifeng Economic Development District, Guizhou Province, covering an area of about 215 mu. Among them, the "100000 tons lithium battery electrolyte project" covers an area of 80 mu, with an investment of 380 million yuan in the first phase of the project, building an automatic electrolyte production line, and building new factories, warehouses, office rooms, R & D buildings, and so on. The first phase of the electrolyte project is scheduled to be completed and put into trial production in October this year. According to the current market price, the output value can reach more than 2.5 billion yuan and the tax revenue can reach more than 100 million yuan.

Data show that Hangsheng Lithium Energy is a professional research and development, production and sales of lithium-ion battery electrolytes and silicon-carbon anode materials of high-tech enterprises, the company was established on August 18, 2021, registered capital of 10 million yuan, is the head company of Hangsheng Group.

Huang Jihong, chairman of Hangsheng Lithium Energy, said at the opening ceremony, "it took only a few months for Guizhou Hangsheng Lithium Energy Technology Co., Ltd. to successfully lay the foundation for the project since it was registered in August last year." thanks to the high attention of provincial, municipal and county leaders and the strong support of functional departments at all levels, I would like to express my heartfelt thanks. " In addition, the company will be headquartered in Xifeng, first, due to Xifeng location advantages, policy support, government leadership and other elements of support; Second, it can facilitate the next step of the company's business development. in the future, the company will optimize the process and equipment, reduce production energy consumption, enhance product competitiveness, build a comprehensive lithium-ion battery supplier, research and develop new products with high value, and expand the product line, such as extending from the electrolyte to the matching field of carbon anode materials.

Battery Network noted that recently, research institutions EVTank, Ivy Economic Research Institute and China Battery Industry Research Institute jointly issued the "White Paper on the Development of China's New Energy vehicle Industry (2022)". According to the white paper, global sales of new energy vehicles reached 6.7 million in 2021, a sharp increase of 102.4 per cent over the same period last year, while sales in China reached 3.548 million, up 160.1 per cent from the same period last year.

Wu Hui, general manager of the research department of the Ivy Economic Research Institute and director of the China Battery Industry Research Institute, previously analyzed that under the background of chip shortage, sharp rise in raw material costs, and tight battery supply, the sales data of the global new energy vehicle market still substantially exceeded expectations, especially the Chinese market, which has basically entered a new stage of market-oriented development. Looking forward to 2022, Wu Hui believes that part of the increase in battery prices will be transmitted to the terminals of new energy vehicles and the further reduction of subsidies may affect the release of car purchase demand of some consumers. however, the problems of recharging, mileage and safety that restrict the development of new energy vehicles have been significantly improved, and sales of new energy vehicles in China are expected to reach 5.2 million in 2022.

The production and sales of new energy vehicles continue to set a new record, which has led to the rapid growth of the global and Chinese power lithium-ion battery market, and also led to a surge in demand for upstream raw materials, among which, due to the limited new production capacity of electrolyte, supply and demand is becoming more and more scarce. Thanks to the high prosperity of the electrolyte industry, Hangsheng Lithium Energy is accelerating its growth.

It is reported that Hangsheng Lithium Energy has four subsidiaries, including Hunan Hangsheng New Energy Materials Co., Ltd., Shandong Hangsheng New Energy Materials Co., Ltd., Guizhou Hangsheng New Energy Materials Co., Ltd., and Guizhou Hangxuan New Materials Co., Ltd., engaged in the research and development, production and sales of lithium battery electrolyte and silicon-carbon anode materials respectively. Among them, Hunan Hangsheng covers an area of 40 mu, which is located in Hunan Ningxiang High-tech Park, planning two-phase plant and Hangsheng Research Institute, with an annual production capacity of 20,000 tons of electrolyte, which has been fully put into production; Shandong Hangsheng is located in the coastal city of Shandong Weihai Rongcheng, with a planned annual production capacity of 20,000 tons of electrolyte, and the first phase has been put into production in January 2022; Guizhou Hangxuan plans to put into construction of silicon negative electrode project.

In addition, Huang Jihong also made an optimistic forecast on China's electrolyte demand in his public speech a few days ago: China's electrolyte demand will reach 1 million tons in 2023 and 1.85 million tons in 2025.

With the rapid growth of new energy vehicle power batteries, the rapid expansion of emerging consumer areas and the outbreak of the energy storage industry in the "14th five-year Plan" in the future, lithium battery electrolyte shipments in China will achieve rapid growth. Hangsheng Lithium can not only steadily expand production, but also increase technological research and development and industrial upgrading, from quantity to technology, with its own R & D strength and product performance, along with the gradual release of later production capacity. It is believed that Hangsheng Lithium will further expand its market share and accelerate its entry into the first echelon of electrolyte in the future.