Invest 600 million more in lithium battery electrolyte market Tianji shares plan to set up a joint venture company to invest in lithium hexafluorophosphate electrolyte project

On the evening of June 23rd, 002759.SZ announced that Jiangsu Xintai material Technology Co., Ltd., a wholly owned subsidiary of the company, and Xinhua Chemical jointly invested in lithium hexafluorophosphate, battery electrolyte additives and other product production projects, with a total investment of 600 million yuan, and Xintai Materials contributed in currency, accounting for 51% of the total investment. Xinhua Chemical is valued and contributed in currency, accounting for 49% of the total investment. The two sides intend to jointly set up a joint venture company according to the proportion of investment. The name of the joint venture company is "Jiangsu Tianhua material Technology Co., Ltd." (subject to the name approved by the industrial and commercial registration authority), and the registered capital is 250 million yuan. The rest of the funds entered the company's capital reserve.

It is reported that the proposed company resides in Jiangsu Changshu High-tech Fluorochemical Industrial Park, and the company's business scope is R & D and production of lithium hexafluorophosphate, lithium battery additive products, fluoride series products and so on.

The main products of this joint investment project are: 1, the annual output of lithium hexafluorophosphate is 10000 tons, and the annual output of by-product hydrochloric acid is 76000 tons; 2, the annual output of new battery electrolyte additives is 500 tons; 3, the annual output of fluoride salt is 47000 tons, and so on.

The announcement said that the current market supply of lithium hexafluorophosphate and electrolyte additives for the above products is relatively scarce, and this cooperation investment in the construction projects of lithium hexafluorophosphate, electrolyte additives and related products can make full use of the resources of Xinhua Chemical Industry Park and combine the advantages of Xintai materials in the production technology and process of lithium hexafluorophosphate to expand the production capacity of lithium hexafluorophosphate. Further increase the market share of the company's lithium hexafluorophosphate and other products, and increase the supply of electrolyte additives.