Ruilian New Materials plans to expand new industries with no more than 100 million yuan to add lithium battery electrolyte additives.

On the evening of November 14th, Ruilian New Materials (688550) announced that the company intends to carry out new business in the electronic chemicals sector, to distribute the production capacity of vinyl carbonate (VC) and fluoroethylene carbonate (FEC), which are film-forming additives for lithium battery electrolytes, and to invest in the construction of Pucheng Haitai new energy materials automation production project, which is implemented by Shaanxi Pucheng Haitai New Materials Industry Co., Ltd., a wholly owned subsidiary. It is estimated that the total investment will not exceed 100 million yuan.

According to the announcement, the construction period of Pucheng Haitai new energy materials automation production project is 9 months, from November 2021 to July 2022. After the completion of the project, it is expected to produce 1500 tons / year of VC products and 500 tons / year of FEC products, which will greatly enhance the business volume of the electronic chemicals section of Ruilian New Materials and accelerate the development of the company's electronic chemicals business.

In terms of technology research and development, Ruitai New Materials was involved in the research and development of technologies related to electrolyte additives a few years ago, but the project was shelved due to market demand, investment scale and other reasons. In the second half of 2020, based on the prediction of the development of the new energy industry, the company started the research and development of electrolyte additive technology again. At present, the small-scale research and development has been completed. After the small-scale test samples are tested and compared with similar products in the market, The relevant core technical indicators all meet the requirements.

In terms of capital arrangements, the amount of investment in the new business is 100 million yuan, and the total investment accounts for 3.42% of the total audited assets of UBS Xincai in the latest period. all the funds come from the company's over-raised funds, which will not cause financial pressure on the development of other businesses of the company.