Exclusive: SMM's Lead team Field Trip—Jiangsu Yongda Power Supply (Chilwee Group)

SHANGHAI, Mar 23 (SMM)—Domestic lead market witnessed a gradual growth of production capacity in recent years. SMM has integrated the customer groups on lead industry chain, including upstream companies, including smelters, battery materials and auxiliary materials, and third-party equipment in an effort to match resource among the whole industry chain, lower lead-acid battery companies’ production costs and explore the way of developing the battery industry. As such, SMM lead research has conducted a on-the-spot survey on lead-acid battery plants, providing a face-to-face communication opportunities for long-term orders procurement and creating precise and in-depth cooperation.

From March 15 to 19, SMM lead team visited Haibao Battery Technology, Shuangdeng Group, Haiyi New Energy Yangzhou, Tongke Battery, Huafu Energy Storage New Technology, Oliter Energy Technology, Ailisheng Battery, Leoch Battery, Yongda Power, Xupai Power, and conduct onsite survey on the production situation of China's lead industry raw material enterprises with industry players, so as to seek more precise and in-depth cooperation, and create more effective and sustainable exchanges. Below please find the field report on Jiangsu Yongda Power Supply Company (Chilwee Group).

Chilwee Group was founded in 1998 and listed on the Hong Kong Main Board in 2010. With more than 20,000 employees and 108 companies worldwide, it is a professional green energy solution provider. Since its establishment, it has been adhering to the development mission of "advocating green energy and perfecting human life", with a development goal of becoming a great company in global new energy industry. Products are exported to more than 100 countries and regions around the world.

Focusing on the mission and vision, the Group has planned two strategic development paths of "Power battery→Power system→Electric vehicle (boat) series products" and "Energy storage battery→Energy storage station→Energy storage system" with its leading advantages in the field of "new technologies, new materials and new products".

Together with representatives of lead-acid battery companies, SMM analysts visited the company and have more knowledge of motive power battery production equipment.

Chilwee Group is a lead-acid battery scrap recycling and echelon utilization company specially established in response to the extended producer responsibility system. The company is committed to becoming the number one brand in the renewable resources industry.

Relying on Chilwee Group's 3,000 agents and 630,000 sales outlets across China, it recycles battery scrap through the method of "trade-in, reverse logistics". The company rebuilt agent warehouses in accordance with environmental protection requirements and use them as a temporary storage point for lead-acid battery scrap, and rent a large warehouse in the industrial park and rebuilt it as a transfer station in accordance with environmental protection requirements.

The company has independently developed a battery life-cycle management system that can be connected to production companies, recycling companies, distributors, logistics companies, recycling companies, and financial institutions. It provides information on battery production, sales, recycling, transportation vehicle information, and temporary storage point information and cross-regional transfer information integration, transfer process tracking, in order to ensure that the whereabouts of the battery can be monitored in real time. 

SMM specially set up the licensing part of the inspection unit to add a sense of ritual of harmonious development and pleasant exchanges between the inspection team and the company.

This visit helps to deepen the analysts' understanding of the company 's products, technology, and development status. Meanwhile, it helps to develop the understanding of market and the development trends, as well as problems faced by the lead industry.