Yunhai Metal: magnesium batteries are safer and haven't been mass produced yet.

Recently, some investors asked Yunhai Metal on the interactive platform: how much share will it take in the magnesium battery market in the future? Does Guigong integrate research and development and sales of magnesium batteries? Does the current non-mass production of magnesium battery refer to Yunhai metal which is not mass produced by our company, or does it mean that there is no mass production in the enterprise at present? Magnesium batteries and magnesium hydrogen storage materials should be two different concepts, right? I feel that the answers are mixed up before. Can you popularize the research results and scope and direction of the company in detail?

Yunhai Metal said that the advantages of magnesium batteries are as follows: 1) China is the largest producer of primary magnesium in the world, accounting for 70% of the global market. As the main producing area of primary magnesium in the world, the original magnesium in China has sufficient production capacity, sufficient competition, and the price is lower than the international market; 2) the melting point of magnesium is as high as about 650 degrees Celsius, so it is safer; 3) magnesium dendrites will not appear in the negative electrode during the charge and discharge cycle of magnesium battery, so it's safer. The key to the current stage is to find a suitable electrolyte and cathode materials so that Mg2+ can be quickly transmitted and stored, which will be the key to obtain high-power magnesium batteries. With the development of hydrogen energy, magnesium-based solid-state hydrogen storage materials can not be ignored. It has excellent hydrogen absorption and desorption performance, and can realize large-capacity solid-state hydrogen storage and long-distance transport at room temperature and pressure.