Year-end inventory, major investment and expansion plans for the lithium power industry in 2019, all of which have

SMM12, March 31: in recent years, China's new energy vehicles and power battery industry has developed rapidly. According to relevant data, in 2018, China's cumulative output of power batteries reached 70.6 GWH, sales reached 62.3 GWhH, while the total loading volume was 56.9 GWha, an increase of 56.3 percent over the same period last year. In the face of the rapid expansion of production, the competition among the major battery manufacturers is becoming more and more fierce. Not only China, Japan and South Korea are competing for each other, but Europe, the United States and Southeast Asia have also joined the war without nitrate smoke. In order to better understand the new investment trends in the global lithium battery industry, SMM has sorted out the investment news of various enterprises in lithium batteries this year.

China

LG Chemical has invested 7.2 billion rebuilt battery plants in China:

In early January, LG Chemical announced plans to invest another 1.2 trillion won (7.2 billion yuan) by 2020 to build a power battery factory and a small battery factory in the Xingang Development Zone in Nanjing, China. The two factories each invested 600 billion won, and the relevant investment contract was signed in Nanjing on January 9. LG Chemical said the investment in China is mainly to cope with the growing demand for batteries from new energy vehicles and electronics.

Ningde Times cooperated with Honda to develop pure electric vehicle batteries, which will build a base in Yimu County in the first half of the year:

(CATL), the world's largest car battery company, announced on February 5 that it would work with Honda to develop lithium-ion batteries for pure electric vehicles such as the (EV). The Ningde era will supply batteries to Honda's future pure electric and plug-in hybrid (PHV). The Ningde era supplied batteries to the world's largest automotive companies, such as BMW and Volkswagen in Germany. In the future, we will strengthen trade with Japanese enterprises, including Honda, and open up the world market. Ningde Times and Honda officially reached an agreement on the 4th. The Ningde era will supply Honda with 56 gigawatt-hour (GWh) batteries under a long-term contract up to 2027. In order to cooperate with Honda's research and development, the Ningde era will build a base in Yomu County in the first half of 2019.

Geely cooperation Qianjiang motorcycle development power lithium battery project:

On January 28, Qianjiang Motorcycle issued a "announcement on related transactions related to the holding Company's entrusted Development of Power Lithium Battery and system projects." Qianjiang Motor holding company Taizhou Qianjiang New Energy Research Institute Co., Ltd. ("Qianjiang New Energy Company") and Jingzhou Geely Automobile Research and Development Co., Ltd. ("Jingzhou Geely Company") signed a "technology development (entrustment) contract." Jingzhou Geely intends to make Qianjiang New Energy Company its battery supplier and entrust the power lithium battery development project to Qianjiang New Energy Company for a contract price of 28.9212 million yuan (including tax). The technical contract covers the development of soft package ternary 50Ah lithium battery, soft package ternary 37Ah lithium battery, soft package ternary 47Ah lithium battery, 48V start and stop lithium battery system and above.

Xingyuan material will supply more than 40 million flat lithium battery diaphragm products to Funeng Technology in 2019:

On January 28, the latest announcement of Xingyuan material showed that the company and Funeng Technology (Ganzhou) Co., Ltd. signed a cooperation agreement, the agreement determines the 2019 lithium battery diaphragm products procurement plan, purchase unit price and other specific elements. According to the contract, the two sides agreed that the guaranteed supply demand for lithium battery diaphragm products in 2019 should not be less than 40 million square meters. Due to the influence of market, customer demand, national policy and other factors, the total annual procurement is allowed to be adjusted by less than 20%. Xingyuan material said that if the agreement is fully implemented, the contract value is expected to be about 102 million yuan, which is expected to have a positive impact on the company's operating performance in 2019. This cooperation will provide a good basis for more comprehensive and in-depth cooperation between the company and Funeng Science and Technology.

Weifeng 2 billion builds power battery line, which is scheduled to be put into production in August 2019:

In mid-January news, Shenzhen Weifeng New Energy Co., Ltd. and Hubei Enshi Municipal Government formally signed a power battery production project investment agreement. The project, with a total investment of about 2 billion yuan, is scheduled to go into production in August 2019. Project planning: four power battery production lines will be completed by the end of August 2019. In 2020, two new power battery cell production lines and solid state cell production lines were built. In 2021, four new power battery production lines and two power battery cell production lines were built. It is initially estimated that the project will form a complete industrial chain system in 2022, with an annual income of more than 4 billion yuan. At the same time, Weifeng New Energy will be put into production of solid-state cells in 2020, which is the first enterprise to open the mass production of solid-state power cores in China.

Fujian Longyan Gaoge Micro buckle Project to build 400 million Micro Lithium Battery:

In mid-January, Longyan Gaoge Micro buckle Technology Co., Ltd. ("Longyan Gaoge Micro buckle") put into construction of the miniature lithium battery project in Fujian Liancheng Industrial Park and started construction, with a total investment of 400 million yuan. The project is divided into two power stations, with an investment of 200 million yuan in the first phase to build a production project with an annual output of 30 million buckle batteries, which is scheduled to be completed and trial production at the beginning of this year. The second phase invests 200 million yuan to build an annual production project of 30 million needle batteries. After the second phase of the project has been completed and put into production, the annual output value is expected to reach 500 million yuan.

Investment in 68 billion million power batteries / energy storage projects:

On March 25, the concentrated start ceremony of major projects to expand effective investment in Xiaoshan District, Zhejiang Province was held at the site of the Wanxiang Innovation Ju Neng City project. A total of 20 major projects participated in the concentrated construction, with a total investment of 86.7 billion yuan. Among them, including a total investment of 68 billion yuan in the universal innovation city batteries and energy storage projects.

Star Ying Science and Technology Power Battery Project to achieve 6GWh capacity within three years:

On April 17, 2019, Jiangxi Xingying Science and Technology production ceremony and 2019 China New Energy Entrepreneur Summit Forum was held in Shangrao, Jiangxi Province. It is reported that Star Ying Science and Technology into production projects with a total investment of 3 billion yuan, plans to achieve 6GWh production capacity within three years.

Lishen Battery (Qingdao) Phase I 4GWh Lithium Iron Phosphate Project was put into production site to sign a supply contract of 2 billion yuan:.

Huayu Cobalt Industry and LG Chemistry join hands to produce positive electrode materials for automotive power batteries:

Huayu Co and LG Chemical Joint Venture car Power Battery cathode material Project held a launching ceremony in Wuxi. The project has a total investment of 34 billion yuan, of which 2.5 billion yuan was invested in 2019, with a total production capacity of 100000 tons. The project plans to complete construction and trial production in December 2019, mass production in May 2020 and official sales to the outside world.

The first phase of the far East Foster 12GWh Power Battery Project has been officially put into production:

May 10, far East Smart Energy Co., Ltd. (abbreviated: smart Energy Stock Code: 600869), a wholly owned subsidiary of far East Foster New Energy Jiangsu Co., Ltd. (referred to as: far East Foster) 12GWh power battery project phase I production ceremony was held in Yixing, Jiangsu Province. The first phase of the far East Foster 12Gwh Power Battery Project covers an area of 528mu, with a total investment of 2.36 billion yuan and a construction area of 200000 square meters. It has a test center, laboratory and a highly automated, information-based and intelligent battery production line. The first phase of the planned capacity 2GWhH, led by Dr. Wu Songjian from the United States, is committed to creating "high safety, long life, low cost" soft package power batteries while achieving high specific energy. The products will meet the needs of high-end new energy vehicles and energy storage.

Invest $490 million in SK Innovation to set up a second battery plant in China:

South Korea's SK Innovation (SK Innovation) said Wednesday that it plans to invest 579.9 billion won ($488.3 million) to set up a second electric car battery factory in China, in a move that xia notes that China will open up the market for South Korean battery makers. SK Innovation is expanding its battery capacity around the world, building new plants in Hungary, China and the US since last year, with a total investment of Won5tn. SK Innovation said its second plant in China was designed to meet increased global demand for electric car battery orders, but it did not disclose partners, plant locations and capacity plans in China. Last month, citing the president of SK's innovative battery business, SK Innovation was discussing a separate battery production joint venture plant with its Chinese partners and Volkswagen.

Yiwei Lithium can raise funds to promote the development of battery industry in Huizhou subsidiary:

The company intends to raise no more than 3.5 billion yuan to expand the production of power batteries in China to promote the development of its subsidiary Huizhou Yiwei Lithium Energy in the field of new energy batteries, according to the announcement.

May 18, Hubei Laidu Energy Storage Technology Co., Ltd. launched the first phase of the 20GWh power battery project in Yicheng, Hubei Province. The overall scale of the project is 20GWhH, the plan is divided into three phases, the first phase construction cycle is 20 months, the investment scale is 1.825 billion yuan, the production scale is 4GWhh, the main docking energy storage, electric bus market and military market; the second and third phase scale is 16GWhH, the construction cycle is 24 months.

Sinochem Group invested in 10 billion to build 20GWhH ternary lithium battery project;

On May 20, the Chemical Department of Sinochem Group and Yangzhou Economic and technological Development Zone signed a memorandum of understanding to invest in the automotive ternary lithium battery project in Yangzhou Development Zone, with a total investment of more than 10 billion yuan. The overall planning and construction of the lithium battery production line with annual 20GWh production capacity will be implemented in three phases.

The first phase of the Levinone 10GWh power battery project has been officially put into production:

May 23, Anhui Levi Energy Power Battery Co., Ltd. (hereinafter referred to as "Levi Neng") 10GWh power battery project phase I production and phase II start-up ceremony was held in Chuzhou, Anhui Province. It is reported that the project has a total investment of 5 billion yuan and is scheduled to be completed in two phases. The first batch of 2.5GWh production lines for the first phase of the project was put into production today. The design capacity of the first phase of the project is 5GWhH, mainly producing soft package and cylindrical lithium ion power batteries. Among them, soft package, cylindrical ternary lithium battery will be mainly used in high-end passenger cars; cylindrical lithium iron phosphate battery target market for electric bicycles, electric energy storage and other fields. Of the installed capacity of power batteries in May, the installed capacity of ternary batteries was 3.75GWha, accounting for 66.1%, a decrease of 6.7% over the previous month, while that of lithium iron phosphate batteries was 1.73GWha, accounting for 30.5%, an increase of 3.2% over the previous month.

Construction of BYD 5 billion yuan power battery base phase I:

On May 28, the construction of BYD Ningxiang Power Battery production Base in Changsha, Hunan Province began. The first phase of the base plans to invest about 5 billion yuan, mainly to provide power battery products for BYD's new energy vehicles, including the manufacture of core products such as power battery cores, modules and related supporting industries.

Oak shares annual production of 20,000 tons of electrolyte solvent project feed start-up:

On July 3, Oak shares (300082) announced that the "20, 000 tons of lithium battery electrolyte solvent project for new energy batteries" invested by Jiangsu Oak Chemical Co., Ltd. (hereinafter referred to as "Jiangsu Oke") began to optimize and improve the equipment of the project at the beginning of 2019. In June 2019, after completing the optimization and improvement of the vinyl carbonate (EC) reactor and related processes in the core unit of the project, and feeding and starting again on July 1, the operation of the plant was stable, all the indexes were within the controlled range, and the overall operation achieved the expected results.

CNAC Lithium Power 10 billion yuan for the construction of 20GWh power battery project:

On June 30, AVIC Lithium Power signed an "Investment Cooperation Agreement" with the Management Committee of Xiamen Torch High-tech Zone and Jinyuan Group, marking the official settlement of the "New Power Lithium Battery production Line Project" of AVIC Lithium Power in Xiamen Torch High-tech Zone, with a total investment of 10 billion yuan. According to the agreement, the total land size of the project is 850 mu and is implemented in two phases. the first phase (A6 project) is scheduled to start in the third quarter of 2019 and put into production in the fourth quarter of 2020, followed by the second phase of the project. After the overall project reaches production, it can form the annual production capacity of 20GWh power battery.

Jinhui High Technology 3 coated diaphragm production lines were put into operation this year:

Jinhui High Technology Company was established in 2006, headquartered in Foshan, a total of Foshan Sanshui and Anhui Wuhu two production bases, of which Sanshui base capacity of about 100 million square meters / year, Wuhu base phase I three high-end coating production lines will be put into production this year.

LG Chemistry may invest $17.7 billion to build a second battery factory in the United States:

LG Chemical, a South Korean electric car battery maker, is considering building a second battery plant in the US to accelerate capacity growth to meet growing demand, according to people familiar with the matter. LG Chemical is considering investing Won2, 000bn (17.7 billion yuan) in the plant, which could go into production in 2022, according to one of the sources. Site candidates include Kentucky and Tennessee, and LG Chemistry will make a decision on the site by the end of this month.

BYD raised 1 billion yuan to build a power battery project:

On July 9, BYD issued the first phase of the 2019 BYD Co., Ltd. green bond listing notice, will issue a total of 1 billion yuan of green bonds. Among them, 50% of the funds raised are intended for the energy power battery production project of Baotou Biadi Mining vehicle Co., Ltd., the annual production of 4.5GWh power battery assembly project of Taiyuan BYD Automobile Co., Ltd., and the annual production of 10GWh power battery production project of Xi'an Zhongdi Lithium Battery Co., Ltd., and the remaining 50% of the raised funds are intended to be used to supplement the liquidity of the company.

The foundation laying and construction ceremony of the second phase of Nanjing Xinwanda New Energy Project was held in Lishui, Nanjing:

On July 22, the second phase of Nanjing Xinwanda New Energy Project held the foundation laying and construction ceremony of the second phase of the project in Lishui Industry New Town, Nanjing, Jiangsu Province. The construction land area of the second phase of the project is about 711mu, the new factory building and comprehensive supporting construction area is about 860000 square meters, all production lines will realize automatic production, R & D, technical and management personnel account for more than 70%. The second phase of the project will add 10Gwh cell and 10Gwh battery system production lines to help Xin Wanda climb the production capacity in the field of new energy power batteries and accelerate the strategic pace of promoting the layout of Xin Wanda power battery industry.

The launching ceremony of Jiangsu Jiewei and Jiangsu Weifong was held today:

July 18 is an important day for Jiangsu Jiewei, Jiangsu Jiewei production and Jiangsu Wei bee start ceremony held today. The joint venture project plans to invest 1.5 billion yuan in Yancheng, Jiangsu Province, to build four three-way soft package power battery production lines, the first phase of production capacity 2.5GWhH, the project is scheduled to be completed and put into production in the first half of 2020.

Far East Foster 950 million expanded Xiangtan Electrochemical 6 billion Battery material:

A few days ago, far East Smart Energy Co., Ltd. announced that the company plans to raise 2.4 billion yuan, of which 952 million yuan will be used by far East Foster New Energy Co., Ltd. to build high energy density power storage (square) lithium battery research and development and industrialization project.

Huading Guolian 2 battery production lines put into production:

As of August 7, two power battery production lines in Huading Guolian Power Battery industrialization Base have been officially put into production, and it is expected that five production lines will reach full production this year, with a production capacity of 12000 units per day and a total production capacity of 2GWh.

Anhui Xinmin Hui NMP project with an annual output of 100000 tons has been put into operation in the first phase:

Anhui Xinmin Hui New material Technology Co., Ltd. invested 500 million yuan to build the "100000 tons of Nmethylpyrrolidone project", covering an area of about 100 mu, the project is divided into two phases of construction, the first phase of investment of 300 million yuan, has been officially started in December 2017, plant construction has been completed, and officially put into production on July 20, 2019.

Shaanxi Qinneng lithium power annual production of 30,000 tons of negative electrode project trial production:

Baoji Qineng Lithium Power New Materials Co., Ltd. invested in the construction of 30,000 tons of lithium ion battery anode materials project phase I project 16 graphitization furnaces official power supply, trial production operation, it is estimated that the annual production capacity of anode materials to reach 10,000 tons, to achieve an annual output value of 200 million yuan.

Shi Dasheng plans to build two major electrolyte solvent projects at 700 million:

On August 20, Shi Dasheng Hua (603026) announced that the company intends to invest 556 million yuan in Dongying 50, 000 tons / year dimethyl carbonate (DMC) project, the construction cycle of the project is 2 years.

The first phase of Puhua cathode material project with an annual production capacity of 30000 tons has been completed:

On Aug. 22, the first phase of Puhua New Energy Project with an annual production capacity of 30, 000 tons of lithium cathode materials was completed, with a designed annual capacity of 5000 tons. Puhua New Energy Materials Co., Ltd. was established by Huayu Cobalt Industry and Korea Posco Group in early 2018, with a total investment of 930 million yuan to build a ternary cathode material project with an annual output of 30, 000 tons of power batteries.

The first phase of the garden new energy project with an annual output of 50,000 tons of copper foil is put into operation:

On August 18, Zhejiang Garden New Energy Co., Ltd., with an annual output of 50,000 tons of high-performance copper foil project, was put into production in the first phase. The total investment of the project is 4.5 billion yuan, divided into two phases, of which the first phase can form an annual production capacity of 10, 000 tons of copper foil for lithium batteries and 10, 000 tons of copper foil for electronic circuits, with an annual sales income of 2.6 billion yuan and a profit of 600, 000 yuan; the second phase can form an annual production capacity of 20, 000 tons of copper foil for lithium batteries and 10, 000 tons of copper foil for electronic circuits After all the project reaches production, it can realize the annual sales income of 6.5 billion yuan and the profit of 1.5 billion yuan.

Penghui Energy Power Battery 80% supply SAIC General Wuling 1.5GWh new line was put into production at the end of September:

At present, the largest customer of automobile power battery is SAIC GM Wuling, accounting for about 80%. At present, orders are saturated and capacity is insufficient. The new 1.5GWh square capacity equipment in Henan base has been installed. The new production line is expected to be put into production by the end of September, and production capacity will double in October.

Huajin New Energy 40,000 tons of High Nickel Ternary precursor Project launched:

Haiying Holdings 4GWh Lithium Power Project settled in Yancheng:

Shenzhen Haiying holding Group Co., Ltd. (referred to as "Haiying Holdings") and Jiangsu Yancheng Dafeng Economic Development Zone signed an agreement, Haiying Holdings will invest 4 billion yuan to build 4GWh lithium battery project. The total planned area of the project is 300 mu and the existing factory building has been rebuilt, which shall be implemented in two phases. Project investment progress: the first phase investment is 1 billion yuan, the second phase investment is 1.5 billion yuan, and the third phase investment is 1.5 billion yuan.

The 8 billion power lithium battery project is expected to begin construction in October in Qingdao Laixi Phase I:

On September 16, Laixi Government WeChat official account announced that on September 11, Qingdao Laixi Xiagazhuang Town signed a new energy vehicle power lithium battery project with Jiangsu Jiao Xin Energy Power Technology Co., Ltd. And Sichuan Lulan Technology Group Co., Ltd., in the administrative office center of Laixi City. The total investment of the project is about 8.07 billion yuan, covering a total area of 954 mu, which is divided into three phases. The first phase covers an area of 54 mu, with a total investment of 670 million yuan. The construction of the research institute + 0.5GWh mass production plant is expected to start in October 2019 and be completed and put into production in March 2021. The second phase of the plan covers an area of 300 mu, with a total investment of 2.4 billion yuan. It plans to build a 4GWh mass production plant, which is expected to start in December 2021 and be completed and put into production in June 2023. The third phase of the plan covers an area of 600mu, with a total investment of 5 billion yuan. It plans to build a 8GWh mass production plant, which is expected to start in December 2023 and be completed and put into production in June 2025.

Guoxuan High Technology 300Wh/kg soft package Core demonstration Line completed or loaded in 2020:

Guoxuan Hi-Tech person in charge said that the company's ternary soft package products have achieved 300Wh/kg single battery small batch trial production, room temperature cycle life reached 1500 weeks, the corresponding 1GWh soft package demonstration line has been built, is expected to achieve loading next year.

SK Innovation: invest $2.5 billion to build a lithium battery diaphragm factory in Jintan, Changzhou. It is expected to go into production in the third quarter of next year:

According to reports, South Korea's SK Innovation said a few days ago, the company will borrow 800 billion won (4.696 billion yuan) from overseas in 2020 to invest in electric vehicle power batteries and lithium battery diaphragm factories.

Wanzhou built a daily production base of 150000 lithium-ion batteries:

Recently, the lithium-ion battery production base located in Wanzhou Jingkai District Optoelectronic Industry Park was put into operation in the first phase. The design capacity of the project is to produce 150000 lithium-ion batteries per day. The products are widely used in all kinds of intelligent electronic devices.

Xingheng Power supply into the power lithium battery tens of millions of groups of planned capacity 50GWhH:

At the end of August 2019, Xingheng Power held a ceremony to deactivate 10 million sets of lithium batteries, marking the first step into the era of tens of thousands of applications of power lithium batteries. In terms of production capacity, Xingheng Power supply, on the basis of Suzhou base, built 50GWh lithium battery production base in Suzhou Modern Industrial Park in Chuzhou, Anhui Province in 2018, covering a total area of 1000 mu. Xingheng Power supply Chuzhou project is divided into four phases, the first phase of the project capacity planning 5GWhH, has started construction in 2018; the second phase of the project is scheduled to be completed and put into production by the end of 2020; the overall project is scheduled to be completed in 2022. In 2019, Xingheng Power supply is expected to produce more than 7GWh for the whole year, and the production capacity will exceed 10GWh in 2020.

September 25, Henan people's Government portal news, China Pingmei Shenma Group Xinxiang Lithium Power Phase II 2GWh high specific energy lithium ion battery project will be held in Fengquan District. The second phase of Xinxiang Lithium Power Project of Ping Coal Shenma Group has a planned land use of more than 170 mu, a planned investment of about 1 billion yuan, a planned production capacity of 2GWhH, and a planned construction cycle of 18 months. The second phase of the project mainly adopts the second generation lithium battery technology of Henan Battery Research Institute. After the completion of the second phase of the project, the lithium battery capacity of Pingmei Shenma Group in Xinxiang will reach 3GWh.

Tianliyuan Nissan 500000 lithium battery project put into production:

On September 29, Chongqing Tianliyuan New Energy Technology Co., Ltd. (hereinafter referred to as "Tianliyuan") produced 500000 lithium-ion batteries per day in Wuyang Industrial Park, Zhongxian County. The project plans to invest a total of 250 million yuan and adopt a phased construction model. At present, the first phase rents a standard factory building of 6600 square meters and invests 45 million yuan in new equipment. During the trial production period, it produces more than 50, 000 lithium batteries a day. After it is officially put into production, it is expected to reach a daily output of 300000 by the end of the year.

China Aviation Lithium Power Xiamen Luozi Planning capacity 20GWhH:

On October 2, Xiamen project is an important part of AVIC Lithium Power to implement strategic planning and smoothly promote the layout of production capacity. In the future, AVIC lithium power planned annual production capacity will exceed 100GWhH, AVIC lithium power Xiamen project total land size of 850mu, in accordance with industry-leading standards, will build a highly intelligent, green and environmental protection advanced battery and power system benchmarking industrial base, after reaching production can form the annual production capacity of 20GWh. The project is implemented in two phases, and the first phase of the A6 project is scheduled to be put into production in the fourth quarter of next year.

Otma 400 million diaphragm coating machine project Dalian:

On October 30, Dalian Otma Industrial Co., Ltd. (hereinafter referred to as "Otma") printing press and lithium battery diaphragm precision coating machine project settled in Dalian, the total investment of nearly 400 million yuan. Covering an area of 35800 square meters, the project base aims to build the largest and most advanced printing press and lithium battery diaphragm coating machine and other green automatic production line manufacturing base in China, mainly used for the construction of office buildings, factories and so on. Upon completion of the project, the output value is expected to increase by 600 million yuan.

Hanrui Cobalt Industry plans to raise 1.9 billion yuan to build a new ternary precursor project with an annual output of 26000 tons:

According to Hanrui Cobalt, the funds raised were mainly used for the construction of "10000 tons / year cobalt metal new materials and 26000 tons / year ternary precursor project" project. The total scale of the project is 10, 000 tons of metal cobalt new materials and 26000 tons of ternary precursor per year. The main products of the first phase of the project are cobalt sulfate, cobalt chloride and cobalt tetroxide products are the important raw materials of cobalt industry. the ternary precursor produced in the second phase is an important raw material for ternary materials for power batteries of new energy vehicles.

A total investment of 2.5 billion yuan * ST Lion plans to build a 5GWh high-end lithium battery production project in Sanmenxia:

On November 18, Guangdong Mengshi New Energy Technology Co., Ltd. (hereinafter referred to as "* ST Lion") issued a notice saying that the company examined and passed the "motion on signing a lithium battery project cooperation agreement" and agreed to invest 2.5 billion yuan in Sanmenxia City Urban and Rural Integration demonstration Zone to build a 5GWh high-end lithium battery production project. It is understood that the subsidiary was established on November 5, 2019. Sanmenxia Mengshi New Energy Technology Co., Ltd., with a registered capital of 100 million yuan, operates in lithium-ion batteries, battery packs, battery management systems, lithium battery raw materials and components, lithium battery production equipment, power and electrical products research and development, production, sales and so on.

Boshi High Technology has an annual production capacity of 100,000 tons of lithium manganate cathode materials project signed in Singapore:

On the afternoon of November 18, the signing ceremony of the Boshi High Technology Project with an annual output of 100,000 tons of lithium manganate cathode materials was held in Shenyang. Zhang Xiangan, secretary of the Municipal CPC Committee, Xu Jiwei, mayor, Yao Zhi, vice mayor, Yang Guanglan, director of the Management Committee of the China-Singapore Suyi High-tech Zone, and Meng Jingkai, chairman of Anhui Boshi New Materials Co., Ltd., attended the signing ceremony. Anhui Boshi Hi-Tech New Materials Co., Ltd. is a high-tech new material enterprise established in Zhongxin Suzhou High-tech Zone, specializing in the research, development, production and sales of lithium-ion battery cathode materials. The main products are power battery lithium manganate and consumer battery lithium manganate. It is reported that the construction of the first phase of the project will begin this month and will be completed and put into production in June 2020. Upon completion, the project will produce 50, 000 tons of lithium manganate per year, with an annual output value of about 2 billion yuan, filling the gap in the Chuzhou lithium manganate cathode material project. After all, the project will have an annual output of 100, 000 tons of lithium manganate, making it the largest R & D, production and sales base for lithium manganate materials in the country.

Hunan Ah Li Power New Energy Industry Base Project starts with a total investment of 1 billion yuan:

On the morning of November 21, the project of Hunan Ah Li Power New Energy Industry Base began. Hunan Ali Power New Energy Industry Base project is located in Tianyi Science and Technology City Independent Entrepreneurship Park, west Xiangquan Road, north Entrepreneurship Road, South Entrepreneurship Road, covering an area of about 200 mu, with a total investment of 1 billion yuan. Hunan Ali Power Technology Co., Ltd. was established in November 2018, mainly engaged in industrial automation equipment and accessories, electronics, power equipment and accessories, mold research and development, production and sales, new energy materials research and development and sales, battery and spare parts research and development, design and sales, computer software research and development, sales, paper products, hardware products, plastic products manufacturing processing and sales, container renovation and sales.

Huayu Posco's annual production capacity of 30,000 tons of power lithium ternary precursor material project (phase I) has been successfully tested with materials:

On November 24, when Chen Yuanzhong, vice president of the group and chairman of Zhejiang Huayu Posco New Energy Materials Co., Ltd., pressed the control button for the test run and issued a test order, Huayu Posco's annual production of 30,000 tons of power lithium ternary precursor materials project (phase I) began. This indicates that the project has entered a new stage of trial production and mass production.

Hedong Science and Technology subsidiary and Taifeng first signed lithium electric material cooperation agreement:

On November 18, Hedong Science and Technology announced that Hunan Yacheng New Materials Co., Ltd. (hereinafter referred to as "Hunan Yacheng"), a wholly owned subsidiary of the company, and Qinghai Taifeng Xianxineng Lithium Technology Co., Ltd. (hereinafter referred to as "Taifeng first") recently signed the "purchase and sales Strategic Cooperation Framework Agreement." The announcement shows that the agreement is valid for three years (January 1, 2020 to December 31, 2022), and the products are developed for ferric phosphate / cobalt tetroxide / new products, with specific quantities of 11800 tons of iron phosphate in 2020, 21500 tons in 2021 and 36000 tons in 2022. 4200 tons of cobalt tetroxide in 2020, 6000 tons in 2021 and 8500 tons in 2022.

Guoxuan Hi-Tech plans to invest 5.5 billion yuan in Tangshan to build a new power lithium battery capacity of 7GWhH:

On the evening of November 18, Guoxuan High Technology issued an announcement that the company and the Tangshan Municipal Government signed a cooperation framework agreement to invest in Jianguoxuan High Technology (Tangshan) "5G" new energy industry base project, with a total investment of 5.5 billion yuan. The main purpose of the project is to build a new energy industry base, build a new power lithium battery capacity of 7GWhH, and form a total production capacity 10GWh with the previous project. The investment and construction cycle of the project is about 2 years. It is expected that the project will be fully completed in the third quarter of 2021 and officially put into production in the fourth quarter.

Ningde Xiamen Tungsten production Project (Phase II) with an annual output of 40,000 tons of lithium ion cathode materials has been successfully ignited:

On the morning of November 30, 2019, Ningde Xiamen Tungsten New Energy Materials Co., Ltd. held the ignition ceremony of the 40,000 ton lithium ion cathode material production project (phase II). General Manager Zheng Chao and production Director Li Jiaqin attended the event on that day.

A total investment of 10 billion yuan was completed and put into production by Nortel (Jiangsu) Technology Co., Ltd.

The total investment is 10 billion yuan, the first phase investment is 5 billion yuan-Nortel (Jiangsu) Technology Co., Ltd. located in Changzhou Jintan Economic Development Zone, Nortel (Jiangsu) Technology Co., Ltd. has been completed and put into production. It is understood that Nortel (Jiangsu) project, by BAIC Group, Beijing Electronic Control and South Korea SK Group tripartite joint construction, with a total investment of 10 billion yuan. Among them, the first phase of the project invested 5 billion yuan, came into construction on October 18 last year, built a factory building of 107000 square meters, and has built two power battery electrode production lines and four assembly and capacity separation production lines. The high-end ternary batteries produced are safe and reliable, better in performance and higher in energy density. The three investors jointly said that they will rely on their respective industrial advantages to write a new chapter of cooperation, and will start the second phase of the project as soon as possible. It is expected that after all the projects are completed and put into production, the annual output will be greater than 7.5Gwh.

Aikang Technology plans to raise 950 million yuan for 1GW heterojunction batteries and their construction projects:

On the evening of December 10, Aikang Technology announced that the total amount of funds to be raised in the private offering will not exceed 1.3 billion yuan. After deducting the issuance fee, it is intended to be used for 1GW high efficiency heterojunction (HJT) photovoltaic cells and modules and to replenish liquidity. Among them, the total investment of 1GW high efficiency heterojunction (HJT) photovoltaic cells and modules is about 1.239 billion yuan, the amount of investment is 289 million yuan, and the amount of investment to be raised is 950 million yuan. If there is a shortage of funds raised by Aikang Technology to invest. Prior to this, Aikang Technology already has the planned capacity of 5GW in heterojunction high efficiency batteries and started construction in July 2018. The project is located in Meishan Town, Changxing County, with a total investment of 10.6 billion yuan, covering an area of 500mu, which is completed in three years. After the project is put into production, the annual output value is expected to reach 12 billion yuan, with an annual tax revenue of 700 million yuan.

Tianzhi Materials subsidiary plans to invest in the construction of two lithium electric materials project in 783 million:

On the evening of December 12, Tianzhi material issued a notice saying that the company examined and passed the "motion on investing in the construction of 150000 tons of lithium power materials per year." it agreed that Jiujiang Tianzhi High and New Materials Co., Ltd. (hereinafter referred to as "Jiujiang Tianzhi") should invest in 150000 tons of lithium power materials per year, with a total investment of RMB 319.4933 million yuan, of which the construction investment is 160.5543 million yuan. The working capital at the bottom of the shop is 158.939 million yuan. The construction cycle of the project is 30 months. After reaching production, the project is expected to achieve an average annual operating income of 2.224078 billion yuan and an average annual net profit of 170.4989 million yuan. Tianzhi material said that the project plans to build a new material project with an annual capacity of 150000 tons of lithium electricity, including an annual production of 60, 000 tons / year liquid lithium hexafluorophosphate plant, an annual production capacity of 70, 000 tons / year solvent unit and an annual production capacity of 150000 tons / year electrolyte mother liquor preparation device. The 60,000 t / a liquid lithium hexafluorophosphate plant and 70000 t / a solvent plant in this project will provide upstream electrolyte and solvent protection for the company's electrolyte product chain.

Dongfeng Lishen (Shiyan) New Energy vehicle Power Battery Project was completed and put into production in the first phase:

Workers process products in the workshop of Dongfeng Lishen (Shiyan) new energy vehicle power battery project on Dec. 9. It is understood that the project by Dongfeng Industrial Co., Ltd. and Tianjin Lishen Battery Co., Ltd. invested in the construction of Dongfeng Power Battery Co., Ltd., located in Shiyan Economic and technological Development Zone New Energy vehicle Industry Park, a total investment of 500 million yuan, construction began in September 2018, the project is divided into two phases, the first phase of the design capacity of 1.5 billion watt-hour new energy vehicle power batteries (80, 000), has been completed and put into production; The second phase of the project will add 2.5 billion watt hours of new energy vehicle power batteries (120000 units). After all the projects are completed, the annual output value will reach 8 billion yuan, and the annual tax revenue will be 200 million yuan.

On December 6, the project of monomer large capacity and solid polymer power lithium battery introduced by Liaoning Chaoyang Ecological Environment Bureau was successfully signed between Beijing Shenzhou Judian Technology Co., Ltd and Chaoyang Economic Development Zone, and the project landed in Chaoyang Economic Development Zone. The total planned investment of the project is 6 billion yuan, with a total area of 1500 mu. The first phase of the project plans to invest 2 billion yuan, covering an area of 500mu, the construction period is 18 months, and the second phase of the project plans to invest 4 billion yuan, with a construction period of 18 months and an area of 1000 mu. The construction of the project mainly includes: annual production of 10Gwh power lithium battery series products and applications, the construction project supporting the domestic first large-capacity polymer lithium battery research and development, production center, administrative office center, new energy module monitoring and operation center, executives and technicians living apartments and related supporting complex and other projects. Through the demonstration application of core products in pure electric vehicle operation, wind, photoelectric energy storage, mobile base station, 5G capacity electric energy supporting, mobile power station, industrial energy saving and emission reduction and other fields, will take the lead in building a comprehensive application demonstration city of new energy industry in the country, that is, "Chaoyang mode"! And take this as the "model" to copy and popularize at home and abroad. After the project has reached full production, it can achieve an annual sales income of 15 billion yuan, an annual tax revenue of more than 900 million yuan, and can create more than 2500 local high-end industrial workers.

Shi Dasheng Huazhong plans to build silicon carbon anode material project with an annual capacity of 4000 tons in 175 million:

On December 13, Shi Da Shenghua announced that in order to implement the company's development strategy, the company intends to set up Sun Company Dongying Shi Da Shenghua Chuangshi New material Technology Co., Ltd. (the name needs to be approved by the industrial and commercial department). With their own funds to invest in the construction of 4000 tons / year silicon carbon anode material project. The total investment in the project is 175 million yuan, including 51.28 million yuan in the first phase. The project is divided into three phases of construction: the first phase construction of 600t / a silicon carbon anode material production device and 4000 t / a silicon carbon anode material corresponding storage and transportation facilities, construction period from 2020 to 2021; the second phase construction of 1400 t / a silicon carbon anode material production device, construction period of 12 months; the third phase of construction of 2000 tons / year silicon carbon anode material production equipment, construction period of 12 months; storage and transportation facilities including warehouses and loading and unloading vehicles.

Haiying Lithium Battery Industrial Park project settled in Qionglai:

On the morning of December 18, the concentrated signing ceremony of major industrial projects in Chengdu Qionglai City was held in Chengdu Tianfu New Town Convention Center. Seven major projects with a total investment of 16 billion yuan were officially signed and settled in Qionglai. In the contracted project, Haiying Lithium Battery (Qionglai) Industrial Park project will invest 4 billion yuan to build 5G communication base station energy storage battery and industrial renderless high rate lithium battery production base. After the full completion of the project, the annual production capacity can reach 4GWH, the annual output value is about 4 billion yuan, and the annual tax revenue is about 100 million yuan.

On December 24, Sichuan Yibin, led by the Ningde era, broke ground on the Sichuan era power battery project, which is the Ningde era spent a lot of money to build a power battery manufacturing base in Yibin. Ningde Times said that the first phase of construction from the start of no more than 26 months, the second phase of the plan to start within two years after the first phase of production, ultimately subject to the actual construction situation. The total area of the project is about 1000 mu, of which the first phase covers an area of about 400 mu and the second phase covers an area of about 600 mu. Power battery production layout in Sichuan, estimated to increase production capacity about 30GWh.

Europe and America

Switzerland's Blackstone plans to invest 200 million euros to build a large power battery plant in Europe:

Blackstone Resources AG ("Blackstone" of Switzerland announced on January 14 that it would invest 200 million euros (1.541 billion yuan) to build a large power battery plant in Elford (Erfurt), Thuringia, Germany. It is reported that the battery factory is wholly owned by Blackstone, and the construction of the factory will also be undertaken by Blackstone. Blackstone hopes that follow-up development will receive financial support from the European Union Research and Development Fund and German governments at all levels. Blackstone said the purpose of the large power battery plant invested in Germany was to make batteries for the next generation of electric vehicles. According to Blackstone, after the completion of the first phase of the project, the plant will be able to produce 100 million cells a year to meet the demand for 2.5-100000 new energy electric vehicles, and the subsequent stages of capacity expansion will be adjusted according to market demand.

Volkswagen has set up a power battery production department to adapt to large-scale mass production of electric vehicles:

In late January, Volkswagen said it would set up a unit to make power batteries for electric vehicles. The company is preparing to produce electric vehicles on a large scale and to overhaul the parts division that currently produces engines, gearboxes and steering parts. Volkswagen plans to invest 870 million euros ($985.45 million) in electric car parts by 2020. The new battery department will be responsible for the manufacture of batteries and packs and oversee the recycling of old batteries. The Volkswagen brand plans to invest more than 11 billion euros ($12.5 billion) in electric, digital, autopilot and mobile travel services by 2023, of which 9 billion euros will be used to electrify models. Volkswagen currently has two all-electric cars. By 2025, that number will rise to about 20, with production planned to exceed 1 million. In China, the core market of the Volkswagen brand, Volkswagen is building two electric car plants in Anting and Foshan, which are expected to go into production by 2020.

Mercedes-Benz Poland has set up a battery factory with a planned investment of more than 1 billion euros:

On January 22, reporters learned from Mercedes-Benz officials that Mercedes-Benz will set up a battery factory in (Jawor), Poland, thereby expanding the global battery production network to nine. Mercedes-Benz plans to invest more than 1 billion euros ($1.2 billion) to build a global battery production network, including plants in China, Germany and the United States. At present, Mercedes-Benz's global battery production network has been formed, including the No. 1 and No. 2 battery plants in Carmenz, Germany (the latter will be completed in 2018), the Turkheim battery factory in Germany, the battery factory in Beijing, the Tuscaloosa battery factory in the United States and the battery factory in Thailand. These factories can prepare export battery packs at the right time as needed. Mercedes-Benz plans to launch more than 50 electric vehicles by 2022, with at least one electric car for each model. The first electric model to be launched will be a pure electric EQC produced by the Bremen factory in Germany and the BBAC factory in Beijing in 2019.

SK Innovation, a South Korean battery maker, plans to invest an additional $5 billion in the US:

January 8 news, according to foreign media reports, South Korean battery maker SK Innovation has previously announced an important investment plan for U. S. factories. But the company is now considering additional investment in a move designed to make it more competitive enough to compete with Tesla's Gigafactory 1 superplant in Nevada. SK Innovation is now considering a more high-profile way to expand its investment, which may be aimed at being "on an equal footing" with Tesla and Panasonic. "the chief executive of SK Innovation said on Friday that, SK Innovation was considering reinvesting up to $5 billion in production operations in the United States," the Automotive News report said. "

The Ningde era will have a capacity of 100 gigawatts at the world's largest battery factory in Germany:

Matthias Zentgraf, president of Europe in Ningde, China, announced at a recent automotive seminar in Bochum, Germany, that the Ningde era will build the world's largest battery factory in Elford, Germany, the German Economic News reported Wednesday.

Volkswagen promotes battery partners to build super factories with a capacity of at least 1000 megawatts:

Volkswagen CEO Herbert Deiss reportedly said it was pushing partners, including South Korea's SK Innovation, to build an electric car battery plant with a capacity of at least 1 gigawatt (1000 megawatts). Volkswagen launched a 50 billion euro bidding process for electric car batteries last year and has identified South Korea's SK Innovation, LG Chemical and Samsung SDI, and China's Ningde Times New Energy Technology Co., Ltd. as strategic battery suppliers.

Ningde era participated in the Finnish car company Valmet to build a battery factory:

Finnish carmaker Valmet is reportedly planning to build a large-scale battery pack factory for electric cars in Salo, Finland. The factory plans to open this year and employs more than 300 people. In January 2017, Ningde Times invested 30 million euros (227 million yuan) in Valmet, to take a 23.08% stake, making it its third largest shareholder. The two sides will work together to provide technical cooperation in project management, engineering design and battery tanks for electric and hybrid vehicles. As an independent car manufacturer subcontractor, its customers include Saab, Opel, Porsche (experience Center) and Mercedes-Benz and other vehicle manufacturers, starting from 1969, it has produced a total of 1.2 million cars. In addition, it has signed contract production contracts with Mercedes-Benz (models including Mercedes-Benz GLC, etc.) and Porsche (with an order of 230000 vehicles) in Finland.

Invest more than 5 billion euros in power batteries in conjunction with France and Germany:

The development of electric vehicles has been hampered by the lack of reliable battery technology to alleviate the "mileage anxiety" of electric vehicles. On May 2, France and Germany formed a partnership to jointly invest in the search for solutions. The finance ministers of the two countries announced the formation of the consortium in Paris, saying they would invest 5 billion to 6 billion euros (about 5.6 billion to 6.7 billion dollars) in the project. The European Commission encouraged governments to invest more in the sector and was concerned that Europe was lagging behind other countries in the development of electric vehicles because of the failure to make progress in battery technology. Asian countries have taken the lead in taking action.

With an investment of more than 600 million euros, Funeng Science and Technology plans to build a factory in Germany:

Chinese lithium battery company (Farasis Energy) plans to build its third battery plant in Germany (Funeng has already set up two plants in Ganzhou and Zhenjiang) with a planned investment of more than 600m euros, according to foreign media reports. The new plant is expected to have an initial capacity of 6GWhH, which will be officially put into production in 2022, and will be able to upgrade its capacity to 10GWh in the future. In December, Funeng announced a partnership agreement with Daimler to supply Daimler with a total of 140GWh batteries over a seven-year period from 2021 to 2027.

Volkswagen plans to build a battery production plant in Germany with an investment of nearly 1 billion euros:

On the evening of May 14, Volkswagen announced that it would work with its partners to set up a battery production plant in Lower Saxony, Germany (Salzkitt). To this end, Volkswagen intends to invest nearly 1 billion euros to facilitate the plan. At the same time, the board of supervisors of Volkswagen proposed that the management board of (ES) and (RENK AG), should expand the future development direction of the group in the field of mechanical engineering through joint ventures, partners, all or part of the sale. In addition, Volkswagen has "revived" TRATON SE's plans for an initial public offering of (IPO), deciding to prepare before the summer break of 2019. "focusing on the core business is critical to the group," said Hans Dieter P ö tsch, chairman of Volkswagen's supervisory board. " He said he hoped to ensure the group's battery capacity in the form of a strategic partnership, as well as further expand the group's capacity in Europe to support its development plans.

Britain has invested 28 million pounds in research and development of electric car batteries and factories:

The British government has spent 28 million pounds ($36 million) to develop batteries for electric cars and build industry-leading battery factories, according to foreign media reports. The battery industrialisation centre, located in Coventry in central England, is only an initial investment, with a total investment of about £80 million, the Ministry of Commerce, Energy and Industrial Strategy said in a statement on Thursday.

Toray "advance westward" 200 million euros Hungary to build lithium diaphragm factory:

Japan's Toray (Toray) has announced plans to invest 200m euros near an existing carbon fiber plant on the outskirts of Budapest, Hungary, to build a diaphragm plant to produce power batteries for electric vehicles. The plant will increase Toray's diaphragm production capacity by 20 per cent, replenishing its factories in Japan and South Korea. The plant is scheduled to launch in July 2021 to meet the needs of European car companies for power battery-related diaphragms. The plant will increase Toray's diaphragm production capacity by 20 per cent, replenishing its factories in Japan and South Korea. The plant is scheduled to launch in July 2021 to meet the needs of European car companies for power battery-related diaphragms.

LG Chemical invested 500 billion won to build a new battery material factory in South Korea:

LG Chemical, a South Korean battery maker, said on July 25 that it had agreed to invest 500 billion won ($424.03 million) to build a factory in South Korea to produce cathode materials for lithium-ion batteries. It is understood that the new factory in Kamei City in southeastern South Korea will break ground next year, and the new factory will create about 1000 domestic jobs in South Korea. Production of cathode materials began at the end of 2022, a company official said.

Tianqi Lithium has signed a long-term supply agreement with Northvolt:

Tianqi Lithium, one of the world's largest lithium producers, said on Tuesday that its Australian subsidiary had signed a long-term supply agreement with Swedish battery maker Northvolt. Tianqi Lithium Corvina, which recently set up a processing plant in western Australia, will supply lithium hydroxide to Northvolt in 2020-25, Tianqi Lithium said in a document filed with the Shenzhen Stock Exchange. Tianqi Lithium Corvina began producing lithium hydroxide this month and its first phase of production will reach 24000 tons per year in the next 12-18 months. Capacity in the second phase will double to 48000 tonnes.

The annual capacity 64GWh PSA will build two battery plants:

PSA Group is reported to be building two battery plants with Saft, a French battery maker, with a total production capacity of 64GWh/ years. According to the plan, one of the two battery plants will be located in the Opel plant in Kaiserslautern, Germany, which will begin construction in 2023 and is expected to provide 2000 jobs locally, while the other plant will be located in France. The exact address and start time have not yet been announced. Both battery plants have an annual capacity of 32GWh.

Southeast Asia and India

India plans to build its first lithium-ion battery superfactory:

On January 23, India plans to build the country's first gigawatt-hour lithium-ion battery plant for electric vehicles, the Economic Times of India reported on January 23. The project will be part of the made in India initiative, which will improve the domestic production efficiency of important parts of electric vehicles. Recently, the Indian LIBCOIN consortium, Magnus Energy Technology Co., Ltd., India Bharat heavy Appliances Co., Ltd. reached an agreement with the Indian government, heavy industry and public enterprise sector to build India's first lithium-ion battery super factory. Rajan Dougal (Rajan Duggal), chairman of the LIBCOIN consortium, commented: "We plan to become the largest lithium-ion battery manufacturer in India and a pioneer in the market. The profits generated by the project in the Indian auto industry are undoubtedly exciting. " The capacity of the battery plant will be increased from the initial 1 gigawatt hours to the final 30 gigawatt hours. The start-up date and other details have not yet been released and the company is discussing it.

Aoyama Industries invested $3 billion to build stainless steel and electric car battery plants in India:

On January 18th Xiang Guangda, chairman of Aoyama Industries, announced at the 2019 Gandinagar summit in Gujarat that he would invest $3 billion in Dholera to build a stainless steel and electric car battery plant. It is reported that the investment will be jointly carried out by Aoyama Industrial Indian joint venture Kromeni Iron and Steel Private Co., Ltd. (ChromeniSteel). Cromeni Iron and Steel Private Co., Ltd. is currently involved in the establishment of a large stainless steel complex in Mondra, Kuchi District. The project began after the signing of a memorandum of understanding during the 2017 Gujarat summit. The Cromeni Iron and Steel Private Co., Ltd. project is a major leap forward in the realization of the "made in India" dream of Indian Prime Minister Moody's. Within one year of the signing of the memorandum of understanding, Aoyama Industries began the construction of the first phase of the project, which is expected to be completed within a record 14 months.

Indonesia wants to build a lithium battery center. Electric cars will account for 20% of domestic production vehicles by 2025:

On January 29th Indonesia's deputy minister of industry said Indonesia's new electric car policy was about to be finalized and that the government would provide financial incentives to foreign carmakers in the future. In addition, the Indonesian government plans to provide tax breaks for battery manufacturers, etc., in order to create the image of a lithium battery center. "our goal is that 20 per cent of all vehicles produced in Indonesia will be electric vehicles by 2025," said Harjanto, deputy minister of industry. " He also mentioned that he had held discussions with Japanese and South Korean carmakers. Harjanto said the $4 billion lithium battery project currently being built on the island of Sulawesi is expected to be completed within the next 16 months.

Malaysia will conduct 18650 cylindrical battery research and achieve mass production:

In late January, Malaysia plans to mass-produce 18650 cylindrical batteries for electric vehicles and fixtures. The study will be carried out by (MARii), the Malaysian Institute of Automotive Robotics and the Internet of things, in partnership with an unnamed local company. Malaysia is currently conducting a three-month feasibility study on the project. After that, the local company will be responsible for producing the battery. According to the timetable, Malaysia hopes to start mass production of the 18650 cylindrical batteries by the end of this year. At present, according to the project leader, the battery electrolyte supplier is in place, and the battery anode can also be used directly, but the production of battery cathode is the real challenge. To this end, it may take several months to set up a battery cathode production line. At present, there is no such form of energy storage device in Malaysia, especially for rural areas that are not yet connected to the power grid and cost a lot of money to connect to the grid, the lithium-ion battery-based energy storage system can operate effectively. In addition, the country could benefit from the global electric car boom.

Guoxuan Tech and Tata Motors will form a battery joint venture in India:

Guoxuan Hi-Tech announced on the evening of May 13 that the wholly owned subsidiary Hefei Guoxuan and Tata AutoComp had recently signed a "joint venture agreement" in Hefei and had been approved and confirmed by the higher authorities of both sides. The two sides plan to jointly invest in India to set up a joint venture company, in which Hefei Guoxuan will contribute 40 million Indian rupees in cash and will hold a 40 per cent stake in the joint venture company. The joint venture's main products include the design, development, verification and manufacture of battery modules and packs, as well as battery management systems, which are suitable for all types of passenger and commercial vehicles in the region.

LG Chemistry, a plant in Indonesia, will spend $2.3 billion to build batteries:

LG Chemical, a South Korean battery maker, is conducting preliminary research and plans to spend $2.3 billion (16.2 billion yuan) to build a comprehensive battery factory in Indonesia, Indonesia's industry minister said.

 

Other areas

Special change electrician and YLB joint venture 7.8 billion yuan to build lithium carbonate plant:

On August 20, Juan Carlos Montenegro, general manager of the Bolivian National Lithium Mining Company (YLB), and Zheng Yan (Zheng Yan, general manager of the South American region of China's Xinjiang Special Transformation Electrotechnical Group Co., Ltd., signed a cooperation agreement at the presidential palace in La Paz. The two sides will set up a joint venture. Build a lithium carbonate plant in Bolivia with an investment of more than $1 billion (7.8 billion yuan).

 

SMM monthly report on New Energy of Cobalt and Lithium in China

For details of the monthly report, please call the SMM Cobalt Lithium Research team.

 

SMM Cobalt Lithium Research team

Hu Yan 021-51666809

Hong Lu 021-51666814

Qin Jingjing 021-51666828

 

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