Tianji Co., Ltd. plans to invest 3 billion yuan in projects with an annual production capacity of 30, 000 tons of lithium hexafluorophosphate | China has reduced production of nearly 2.15 million vehicles due to lack of cores or reduction of production.

[Skyline shares: proposed 3 billion yuan to be put into construction of 30,000 tons of lithium hexafluorophosphate and other projects] Skyline shares announcement, subsidiary Xintai Materials and Jiangsu Changshu New Materials Industrial Park, Jiangsu Ruitai New Materials Investment letter of intent, agreed to invest 30000 tons of lithium hexafluorophosphate and LiF, calcium chloride and other lithium salt materials production and sales project, the project is expected to have a total investment of 3 billion yuan.

[Zhenhua shares: it is proposed to acquire 51 per cent of Xiamen Shouneng Technology Co., Ltd. with 5000 tons of electrolyte production capacity for lithium-ion batteries] Zhenhua announced that the company intends to acquire 51 per cent of Xiamen Shouneng Technology Co., Ltd. held by Lin Mingzhu in cash; the subject of the transaction specializes in the production and sales of electrolytes for high-performance lithium-ion batteries, with an annual production capacity of 5000 tons of electrolyte. The initial valuation of the 51% stake in the target company is 30 million yuan to 50 million yuan, accounting for 2.07% of the company's latest audited net assets. Up to now, the company does not have the production capacity of electrolyte for lithium-ion battery.

[Ningbo founder: part of the company's intelligent manufacturing plate is involved in the lithium battery structure production line business] Ningbo founder said on the interactive platform that the company's intelligent manufacturing plate is partly involved in the lithium battery structure production line business. the business team will provide some support for the company to build a lithium battery structure production line in Chaohu, Anhui Province.

[October battery ranking, Ningde first BYD Super Panasonic] in October 2021, the global installed capacity of power batteries was about 26.2 GWh, an increase of 70% over the same period last year. There are still six Chinese battery manufacturers on the global Top 10 list of power battery installations in October. Among them, the Ningde era is still at the top, with honeycomb energy and Yiwei lithium crowding out Lishen and prospective power on the list.

[China due to lack of core or production reduction of nearly 2.15 million vehicles] according to the latest data from AutoForecast Solutions (AFS), as of December 5, due to a shortage of chips, the cumulative production reduction in the Chinese auto market has reached 1.982 million, while that in the global auto market has reached 10.122 million. According to AFS, China's auto market will reduce production by 2.148 million vehicles this year, accounting for 19% of the total global production reduction.

[Toyota's new battery factory in North Carolina plans to provide batteries for 1.2 million cars] Toyota has announced that it will build a $1.29 billion electric car battery plant in North Carolina. The company calls it "Toyota Battery Manufacturing in North Carolina," (TBMNC), which will create 1750 jobs in the state. It expects each production line to provide enough lithium-ion batteries for 200000 all-electric and hybrid cars by 2025. The company also plans to expand to six production lines to provide batteries for 1.2 million cars a year. "View details

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