10 billion Lithium Copper foil Project settled in Nanchang

On January 20th, Nanchang Economic Development District signed a contract with Tongling Huachuangxin Materials Co., Ltd. (hereinafter referred to as "Huachuang New Materials") for the production project of ultra-thin lithium copper foil with an annual output of 100000 tons.

The project, with a total investment of 10 billion yuan, will start in April this year and will be built in two phases of 50, 000 tons each. It is scheduled to be completed and put into production in April 2023 and fully completed in 2024. After the completion of the project, it will help to enhance the supporting capacity of new energy vehicles and electronic information industry in Nanchang.

Data show that Huachuang New Materials was founded in October 2016, specializing in lithium copper foil research and development and manufacturing, belonging to Zhejiang Huayou holding Group. At present, the company has an annual production capacity of 10,000 tons of lithium copper foil, which is an early batch production of 4.5 μ m and 6 μ m lithium copper foil in China.

In terms of performance, Huachuang Xincai achieved sales of more than 1 billion yuan and profits of more than 100 million yuan in 2021.

In terms of customers, Huachuang New Materials have entered the supply system of power battery head manufacturers such as Ningde era, BYD, Guoxuan Hi-Tech, Yiwei Lithium Energy and so on.

In terms of production capacity, the comprehensive finished product rate and A product rate continued to increase in 2021, and the output exceeded 10000 tons for the first time. At the same time, it is also promoting capacity expansion.

On August 31, 2021, Huachuang Xincai and Yiwei LiNeng signed a "joint venture contract" and the two sides planned to jointly invest in the establishment of a joint venture company. The registered capital of the joint venture is proposed to be 480 million yuan, of which Huachuang Xincai subscribes 336 million yuan and holds 70% equity, while Yiwei LiNeng subscribes 144 million yuan and holds 30% equity.

The joint venture project plans to build an annual output of 100000 tons of lithium copper foil, and the first phase plans to build an annual production capacity of 20, 000 tons of lithium copper foil, and the production of lithium copper foil products are given priority to supply to Yiwei Lithium Energy and its subsidiaries. At present, the project has entered the stage of site selection, and construction is scheduled to start in the first half of 2022.

On March 18, the first phase of Guangxi Huachuang new materials 100000 tons copper foil project officially started, and the second phase of the project was officially launched. The project, with a total investment of about 6 billion yuan, will be built in five phases, each of which is 20, 000 tons, and is scheduled to be completed in 2025.