Ningde Times and Zhicun Lithium Industry set up a new battery material company with a registered capital of 1 billion yuan.

On January 9, Fengxinshi Zhicun New Energy Materials Co., Ltd. was established with a registered capital of 1 billion yuan. the scope of business includes: lithium carbonate series products, lithium cathode materials (except national special regulations) and other chemical products except R & D, production and sales.

It is reported that Fengxin era Zhicun New Energy Materials Co., Ltd. is jointly owned by Ningde Times (300750) and Jiangxi Zhicun Lithium Industry Co., Ltd. (hereinafter referred to as: Zhicun Lithium Industry), the equity ratio has not been disclosed.

Data show that Zhicun Lithium Industry is a material technology research and development enterprise, the scope of business includes: mineral washing processing, mineral processing, battery manufacturing, battery sales, resource recycling technology research and development, new material technology research and development. On September 10, 2021, the company changed its industry and commerce. Ningde Times, a new shareholder, increased its registered capital from 50 million yuan to about 55.1282 million yuan, an increase of about 10.26%. Ningde Times accounted for 8.1633% of the shares.

Since 2021, Ningde era began to invest frequently in related companies in the industrial chain, and invested in the layout of upstream battery raw materials, the integrated layout team of lithium battery industry continues to grow. On December 31, 2021, Guizhou Times Mining Co., Ltd. was established, the legal representative is Jiang Li, with a registered capital of 800 million yuan, the scope of business includes: mining of mineral resources (non-coal mines), mineral processing (except rare earth, radioactive minerals, tungsten); mineral washing processing; metal ore sales and so on. The company is jointly owned by Ningde Times (Guizhou) New Energy Materials Co., Ltd., and Guizhou Phosphating (Group) Co., Ltd., with a shareholding ratio of 90% and 10%, respectively, according to the company's equity penetration.