Guoxuan Hi-Tech and Jiangte Motor sign Strategic Cooperation Agreement to purchase Battery Grade Lithium Carbonate

On September 12, Guoxuan Hi-Tech Co., Ltd. (referred to as "Guoxuan Hi-Tech") and Jiangxi Special Motor Co., Ltd. (referred to as "Jiangte Motor") signed a strategic cooperation agreement in Yichun, Jiangxi Province. According to the agreement, Jiangte Motor will supply no less than 500 tons / month of battery-grade lithium carbonate to Guoxuan Hi-Tech. In addition, the two sides will explore the possibility of more cooperation in the areas of battery-level lithium carbonate collection and supply, energy storage, new energy motors, and so on. The two sides give full play to their core strengths and form a long-term and comprehensive strategic partnership. Gong Fasheng, member of the standing Committee of the Yichun Municipal CPC Committee and vice mayor, Zhang Jun, secretary of the Party work Committee of the Economic Development District of Yichun City, Li Gong, chairman of Guoxuan Hi-Tech, and Zhu Jun, honorary chairman of Jiangte Motor, witnessed the signing

Jiangte Motor is a leading domestic enterprise in the production of lithium carbonate with lithium mica concentrate as raw material, with an annual output of more than 30,000 tons of lithium salt, obvious large-scale advantages and stable product quality. it has formed a relatively complete new energy industry chain of lithium ore resource mining and lithium carbonate processing. According to the agreement, Jiangte Motor will supply no less than 500 tons of battery-grade lithium carbonate to Guoxuan Hi-Tech at a negotiated price each month, and will increase the supply of battery-grade lithium carbonate after the cooperation between the two sides is stable. In addition, the two sides also rely on their respective competitive advantages to explore cooperation in energy storage, new energy motors and other fields to achieve a strong alliance and extend the industrial chain.

Hu Chunhui, chairman of Jiangte Electric Co., Ltd.

Jiangte Motor and Guoxuan Hi-Tech are closely linked upstream and downstream enterprises. in the future, the two sides will be based on their respective fields and jointly explore the possibility of further in-depth cooperation in lithium resource extraction and deep processing on the basis of frank cooperation and mutual benefit.

Zhang Hongli, Vice President of Guoxuan General Institute of Engineering and Research:

This strategic signing is another major measure for Guoxuan to take root in Yichun and lay out the upstream raw materials, which means that Guoxuan Hi-Tech and Jiangte Motor have become partners in the lithium industry chain to jointly create a competitive advantage in the lithium industry chain. from the supply side to ensure a stable supply of raw materials, at the same time reduce long-term procurement costs, for Guoxuan Tech "to be fine iron lithium, strengthen three yuan, and expand energy storage". And to provide effective guarantee for achieving the 2025 300GWh production capacity target.

Jiangte motor

Jiangxi Special Motor Co., Ltd. is a listed enterprise integrating R & D, production and sales of intelligent mechanical and electrical products and lithium products. Headquartered in Yichun, Jiangxi Province, with more than 20 subsidiaries and branches, the industry is distributed in provinces and cities such as Jiangxi, Tianjin, Zhejiang and other provinces and cities in China, as well as overseas Germany and other regions. Its business covers intelligent motor, lithium mining and deep processing and other industries. Relying on the advantage of rich lithium resources in Yichun, the company has made great efforts to develop the lithium industry and now has 2 mining rights and 5 exploration rights with large reserves. After more than 10 years of hard work, the company's Yichun Silver Lithium New Energy Co., Ltd. has become the domestic standard setter for the preparation of lithium carbonate from lithium mica. At present, the company has two lithium mica lithium carbonate production lines with a total annual production capacity of 15000 tons. It has a production line with an annual production capacity of 15000 tons of lithium carbonate from spodumene, a production line of 10, 000 tons of lithium hydroxide using spodumene, and a production line of 5000 tons of lithium carbonate (under construction). The company strives for the strategic goal of building a "first-class intelligent motor integration service provider" and "global large-scale lithium carbonate supplier".