Hand in hand LG Chemical Vico Technology into the Field of small Polymer Lithium Battery

SMM: Vico Technology announced on the 28th that it signed a cooperation agreement with South Korea Co., Ltd. LG Chemistry and Nanchang New District Government on the 25th, and the three parties jointly funded the establishment of a Sino-foreign joint venture in Nanchang to engage in the research, development, production and sales of small polymer lithium batteries.

According to the announcement, the registered capital of the joint venture company is US $56.22 million, and the planned construction scale of the first phase is 10 million units per month, which is divided into two phases. The first stage construction scale is 5 million units per month, and the first phase of the project is completed within three years. In the future, we will continue to increase investment in the expansion of the second phase of the project.

Vico Technology was listed on the Shanghai Stock Exchange in 1998, and successfully completed the steady development from traditional textile enterprises to new energy technology enterprises in 2018. It has formed a new strategic pattern with 3C digital lithium battery, power battery and intelligent electronic equipment as the core. At present, Vico Technology has built Ningbo, Dongguan two major cell production base, is one of the domestic mainstream 3C digital battery suppliers.

Vico Technology said that the cooperation is a combination of the advantages of all parties. LG chemistry is one of the first-class lithium battery manufacturing enterprises in the world. Its unique "cascade structure" patent technology makes the products have the characteristics of ultra-low internal resistance and variable structure, which solves the heating problem of lithium battery during high current charge and discharge. with the advent of 5G era, the technical advantage of "cascade structure" is more obvious. Vico Technology has worked hard in the Chinese market for many years, has accumulated a good customer relationship, and can be close to the service for the Chinese market to meet customer needs. The joint venture company will rely on the advantages of all parties, fully adopt LG chemical "cascading structure" patent technology for production, obtain the full support of investors in the procurement and sales channels of equipment and raw materials, quickly establish technological advantages in the field of intelligent manufacturing of lithium batteries, provide high-end quality products and technical services for the market, enhance the core competitiveness of the company, and open up new performance growth points for Vico technology in the future.

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