Zhejiang Gepai Phase II cobalt salt products have been put into production with an annual production capacity of 10000 metal tons.

SMM8 March 3: recently, Zhejiang Zhongjin Gepai Lithium Power Industry Co., Ltd. (hereinafter referred to as "Zhejiang Gepai") Phase II high-quality cobalt salt products have been officially put into production, with an annual production capacity of 10000 metal tons.

Zhejiang Gepai, founded in 2016, is a subsidiary dominated by Shanghai Gepai New Energy Technology Group Co., Ltd. it is a high-tech enterprise integrating R & D, production and sales of positive materials and materials for high-performance power batteries. Located in Shangyu Economic and technological Development Zone of Hangzhou Bay, Zhejiang Province, covering an area of 158 mu and a construction area of nearly 70,000 square meters, it is one of the leading enterprises in the cathode raw material industry of large-scale lithium-ion battery in China. After reaching production in this second phase, Zhejiang Gepai cobalt products have an annual production capacity of 10000 metal tons, ranking among the top three in the industry, producing and processing battery-grade cobalt sulfate, cobalt chloride, high-voltage cobalt tetroxide, cobalt hydroxide, cobalt hydroxide, electric cobalt and other cobalt products, entering the first echelon of Chinese cobalt refining and processing enterprises.

Due to the overall development trend and demand of new energy lithium-ion batteries, cobalt salt as a necessary raw material for ternary cathode materials, cobalt industry chain enterprises have received great attention from capital and market. According to the latest statistics, Huayou Cobalt is the largest supplier of cobalt products in China, with a cobalt salt production capacity of 39000 metal tons and a total market capitalization of 48.8 billion. Cold sharp cobalt industry, from cobalt powder to cobalt salt transformation, the current cobalt salt operating capacity of 800metal tons, a total market capitalization of 19.4 billion. Tengyuan Cobalt Industry, which was recently paid 300 million yuan by Ganfeng Lithium Industry to acquire a stake of 6.8966%, has a cobalt salt production capacity of 6500 metal tons per year, and the company is valued at more than 4.3 billion yuan. The expansion of Zhejiang Gepai's capacity to reach production may bring more economies of scale and market opportunities to the enterprise.

China is the largest producer of refined cobalt in the world. China produced 85100 metal tons of refined cobalt salt in 2019, accounting for 67% of the world's total output. The layout of China's cobalt salt refining industry chain can ensure the development and demand of China's lithium battery industry, new energy vehicles and electronic consumer products in the 5G era from the raw material end, and to a certain extent make up for the shortage of upstream cobalt resources in our country. The second phase of Zhejiang Gepai's production expansion and joining the Cobalt 10,000 ton Club will, to a certain extent, contribute to the development of the raw material end of China's new energy power battery industry chain. It is understood that the company's battery-grade cobalt sulfate products, with its excellent quality of low oil content and low magnetic foreign body content, have been exported to Europe in July 2019 and entered the international market. In addition, Zhejiang Gepai has been audited by the World Standard Certification body / WSF this year, and has passed ISO9001 quality management system certification, environmental management system certification and occupational health and safety management system certification. The intelligent control production of Zhejiang Gepai in the DCS automation system of the whole plant production line, especially in the extraction process workshop, has reached the leading level of the global cobalt industry. The advantages of employee health protection and related safety and environmental protection through automatic and intelligent production have also impressed the international certification team. It is believed that Chinese refining and processing enterprises that pay attention to ESG can be recognized by customers of large international enterprises and launch bigger and better Chinese brands.

Background Enterprise introduction:

Shanghai Gepai New Energy Technology Group Co., Ltd., the parent company of Zhejiang Gepai, was founded in 2006. The investment and operation areas of Gepai Group include: key resources of nickel, cobalt and lithium metal for mobile energy represented by lithium-ion batteries; battery-grade nickel, cobalt and lithium high purity chemicals; ternary precursors such as nickel, cobalt, manganese, nickel, cobalt and aluminum and corresponding cathode materials; the whole industry chain of battery cascade utilization and regeneration around the whole life cycle of mobile energy. In 2019, Gepai Group was recognized as the "headquarters of Shanghai Private Enterprises" by the Shanghai Business Commission, was awarded the "Shanghai Xuhui contribution Award for Development", and was rated as one of the top 100 service enterprises in Shanghai (No. 91), the top 100 private service enterprises in Shanghai (No. 62), and the top 50 growth enterprises in Shanghai (No. 12).