10,000 mt of NFPP Put into Production! Yingna "Embracing Sodium, Innovating for a Smarter Future" [SMM Sodium-ion Battery Analysis]

SMM, May 9—

On May 8, 2025, Changxing Yingna New Energy Materials Co., Ltd., a subsidiary of Huzhou Yingna New Energy Materials Co., Ltd., held a commissioning ceremony for its first large-scale production line of polyanion cathode material. Leaders from Jiangsu University and the CPC Changxing County Committee, along with representatives from the sodium-ion battery industry, investment community, media, and friends and family, attended the event.

Industry Background

In recent years, sodium-ion batteries have emerged as a frontier in secondary batteries due to their abundant resources, high safety, long lifespan, and excellent low-temperature performance. During 2021–2022, with the surge in lithium prices, the sodium-ion battery market garnered significant attention. Under the leadership of CATL, companies accelerated their R&D efforts, and many new players from other industries entered this field. However, the industrialisation of sodium-ion batteries faces challenges, primarily due to fluctuations in lithium resource prices and the practical implementation of projects. Despite these challenges, the technological pathway has gradually become clearer. Yingna New Energy focuses on low-cost, long-life, and high-safety polyanion-type cathode materials, establishing itself as a significant force in the market.

About Yingna

Yingna New Energy is a technology company dedicated to the R&D and production of polyanion cathode materials for sodium-ion batteries. The company name "Yingna" originates from the Book of Songs, symbolising "the capability of sodium, as beautiful as Ying." The company has two wholly-owned subsidiaries: Zhenjiang Yingna New Energy Materials Co., Ltd., responsible for pilot testing, and Changxing Yingna New Energy Materials Co., Ltd., responsible for mass production. Since its establishment three years ago, Yingna New Energy has rapidly achieved small-scale testing, pilot testing, and batch shipments. In August 2024, it launched a large-scale production line with a capacity of 10,000 mt, and it is expected to achieve mass supply by early 2025, leading the industry in industrialisation progress.

Yingna New Energy maintains an advanced edge in technological innovation and industrialisation processes, renowned for its highly competitive preparation methods and production processes. Its flagship product, composite sodium iron phosphate cathode material, has been recognised by several well-known battery enterprises for its advantages of small particle size, high compaction, low cost, and long lifespan.

Yingna New Energy recently completed a new round of financing worth tens of millions of yuan. This round was led by the Chuangrong Dingjie Green Fund, with follow-on investment from Beijing Dancheng Asset. The funds will primarily be used for the construction of the 10,000 mt sodium-ion battery cathode material production line, product R&D, and market expansion.

Core Team Introduction

The founder of Yingna, Dr. Yaping Wang, graduated from the School of Chemistry at Nankai University. With a solid academic background and extensive practical experience, he has been actively engaged in frontline research for years. Co-founders Yue Qin and Hao Xu, among others, have rich experience in corporate management and market development. The management team has been deeply involved in the battery industry for over a decade.

Future Outlook

Looking ahead, the application of sodium-ion batteries is expected to expand further in 2024, with market demand anticipated to be more fully realised in 2025. The company plans to commence the construction of a 10,000 mt production line in August 2024, aiming to achieve large-scale product supply by early 2025.

Progress of Yingna New Energy's Sodium-Ion Battery Project:

Composite Sodium Iron Phosphate NFPP Secures Thousand-Metric-Ton Order, Yingna's Sodium-Ion Battery Cathode Material Business Advances Continuously [SMM Sodium-Ion Battery Analysis]

In November 2024, Yingna New Energy, a top-tier enterprise in polyanion NFPP sodium-ion battery cathode materials, successfully secured a major order from a leading sodium-ion battery company: a thousand-metric-ton order for polyanion composite sodium iron phosphate cathode material. With the commissioning of Yingna's large-scale production line and capacity ramp-up, deliveries will proceed in succession.

Yingna New Energy Completes New Round of Financing to Accelerate the Advancement of 10,000 mt Sodium-Ion Battery Cathode NFPP Production [SMM Sodium-Ion Battery Analysis]

[Sodium-Ion Battery: Progress of Yingna's NFPP Project] On November 18, 2024, according to Yingna's official account, the bidding process for the 54-meter six-row double-layer kiln external line procurement project of Changxing Yingna New Energy Materials Co., Ltd. has been successfully completed, and the winning bidder has been determined: Jiangsu Koen.

[Sodium-Ion Battery NFPP: Public Announcement of Winning Bid for Yingna New Energy's 4,000 mt/Year Composite Sodium Pyrophosphate Production Line Integration Project] The bidding process for the 4,000 mt/year composite sodium pyrophosphate production line integration project of Changxing Yingna New Energy Materials Co., Ltd. has concluded, and the bid winner has been determined. The winning bid result is hereby announced as follows:
Bid Winner: Changzhou Najin Intelligent Technology Co., Ltd.
Scope and Content of the Bid: For detailed information and requirements, please refer to the procurement requirements in the tender documents.
Delivery Date: 70 days after the contract comes into effect.
Publicity Period: October 28, 2024 - October 30, 2024.

【SMM Sodium-ion Battery Analysis: Yingna New Energy Completes New Round of Financing, Accelerating the Construction of 10,000 mt-scale Sodium-ion Battery Cathode NFPP Production Line】In October 2024, Yingna New Energy, a top-tier enterprise in the polyanion NFPP cathode material for sodium-ion batteries, announced good news that it had completed a new round of financing worth tens of millions of yuan to facilitate the construction of a 10,000 mt-scale NFPP production line. Among them, the integrated procurement project for the 4,000 mt/year NFPP production line was tendered by the end of October.

【Sodium-ion Battery NFPP: Publicity of Winning Bid Result for Yingna Project】On October 28, 2024, the bid evaluation for the airflow pulverizer procurement project of Changxing Yingna New Energy Materials Co., Ltd. was completed, and the bid winner was determined. The winning bid result is hereby publicized as follows:
Bid Winner: Xiran Technology (Jiangsu) Co., Ltd. Scope and Content of the Bid: For detailed information and requirements, please refer to the procurement requirements in the tender documents. Delivery Date: Delivery and installation acceptance within 80 days after the contract is signed. Publicity Period: October 28, 2024 - October 30, 2024.

【Sodium-ion Battery Cathode NFPP: Invitation to Bid for the Integrated Procurement Project of Yingna's 4,000 mt/year Composite Sodium Iron Pyrophosphate Production Line】On October 14, 2024, Changxing Yingna New Energy Materials Co., Ltd. issued a tender announcement for the integrated procurement project of a 4,000 mt/year NFPP production line. Procurement Method: Invitation to Bid; Delivery Date: Delivery and installation acceptance are required to be completed within 90 days after the contract is signed; Non-consortium bidding, with one bid winner to be determined. Deadline for Receiving Bidding Documents: 17:00 on October 21, 2024.

【Sodium-ion Battery: Publicity of Winning Bid Result for Yingna's 500L Sand Mill Procurement Project】On September 30, 2024, Changxing Yingna New Energy Materials Co., Ltd. announced the winning bid result for the 500L sand mill procurement project through its official WeChat official account. According to the announcement, PUHLER (Guangdong) Smart Nano Technology Co., Ltd. was the final bid winner. On August 27, 2024, the winning bid result for the procurement project of six double-layer roller hearth furnaces was announced: Suzhou Kern New Energy Technology Co., Ltd. Yingna focuses on the R&D and production of sodium-ion battery polyanion cathode materials (such as NFPP, NFS, etc.) and is expected to commission a 1,000 mt-scale production line in January 2025.

【Sodium-ion Battery Cathode: Yingna's Sodium-ion Battery Polyanion Cathode Material Has Been Stably Supplied for 3 Months】On the afternoon of May 30, at the CLNB2024 (9th) China International New Energy Industry Expo hosted by SMM, Yingna stated that the company's sodium-ion battery polyanion cathode material had been stably supplied for 3 months. Meanwhile, Yingna was preparing to start a 10,000 mt-scale production line from June to July.

【Sodium-ion Battery: Yingna's 250 mt NFPP Project】On May 15, 2024, the "Project of Producing 250 mt/year of Iron-based Phosphate Cathode Materials for Sodium-ion Batteries" of Zhenjiang Yingna New Energy Materials Co., Ltd. was approved by the Zhenjiang Economic and Technological Development Zone. The total investment of the project is 20 million yuan.

SMM New Energy Research Team