The subsidiary of Lianchuang Co., Ltd. will be included in Ningwang supply chain to purchase 80% of the output of lithium PVDF every year

Published: Mar 4, 2022 15:53
[the subsidiary of Lithium Co., Ltd. will be included in Ningwang supply chain to purchase 80% of lithium battery PVDF output every year] it is reported that in the previously signed "Cooperation Framework Agreement" between Cochuang and Ningde Times, under the condition that the quality, price and delivery of Hua'an lithium battery-grade PVDF meet the requirements of Ningde era, Ningde Times guarantees that the annual purchase of Hua'an new material lithium battery-grade PVDF is 80% of the total annual PVDF output. At present, the two sides have carried out and completed the delivery of the products in February in accordance with the terms of this agreement.

(300343) announced that its subsidiary, Shandong Huaan New Materials Co., Ltd. (hereinafter referred to as "Hua'an New Materials"), recently passed the supplier access audit of Ningde era (300750). Huaan New Materials has been formally incorporated into the supply chain system of Ningde era, mainly for Ningde era and its related companies (Qinghai era, Liyang era, SAIC time, Sichuan Times, etc.) to provide lithium battery-grade PVDF products.

It is reported that the two sides agreed in the previously signed "Cooperation Framework Agreement" that under the condition that the quality, price and delivery of lithium battery-grade PVDF of Huaan new materials meet the requirements of Ningde era, Ningde era guarantees that the annual purchase of lithium battery-grade PVDF of Huaan new materials is 80% of the total annual output of PVDF. At present, the two sides have carried out and completed the delivery of the products in February in accordance with the terms of this agreement.

The battery network learned that in December 2021, Liangchuang signed a "Cooperation Framework Agreement" with Ningde Times, which stipulated that Ningde Times would purchase lithium battery-grade PVDF and R142b products from the company during the validity period of the agreement. Among them, the agreed purchase quantity of R142b is not less than 1700 tons by the end of December 2021 and not less than 7200 tons in 2022; the purchase quantity of lithium battery grade PVDF is determined according to the production capacity of the company at that time.

Notice shows that Ningde era of Huaan new materials lithium battery-grade PVDF procurement, by its procurement center according to the actual output of Huaan new materials to adopt the "headquarters overall planning, decentralized procurement" model. The specific contents such as quantity, price, delivery time, method of payment and so on are stipulated in the purchase order of each related production base. Among them, the product price is set on a monthly basis in accordance with the framework agreement between the two parties.

Lianchuang said that Huaan Xincai has become an official supplier of Ningde era, and the formal cooperation shows that Ningde era's further recognition of the company's lithium battery-grade PVDF products will help to strengthen the long-term and stable cooperative relationship between the company and Ningde era, and is conducive to the growth of the company's future business performance and sustainable profitability.

It is worth noting that at present, with the expansion of the PVDF application market and the continuous rise of prices, a number of domestic PVDF enterprises have announced production expansion, in order to expand market share, Lianchuang shares also announced a substantial expansion of production capacity.

On the evening of February 10th, Lianchuang announced that the company, Black Cat shares (002068), China Electric Power Engineering Consulting Group Southwest Electric Power Design Institute Co., Ltd., China Energy Construction Group Tianjin Electric Power Construction Co., Ltd. and the people's Government of Wuhai City signed the Investment Framework Agreement, which intends to invest in the construction of 50,000t / a PVDF industrial chain and 0.6GW supporting green power projects in Wuhai High-tech Industrial Development Zone low-carbon industrial park. The total investment is about 7.2 billion yuan, of which the total investment in industry is about 4.16 billion yuan, and the total investment in green power supporting 0.6GW is about 3.04 billion yuan.

It is understood that the 50, 000-ton / year PVDF industrial chain project will be established by Lianhe Fluorocarbon New Materials Co., Ltd. (Inner Mongolia Lianhe Fluorocarbon New Materials Co., Ltd.), which will be established by Lianhe and Black Cat Co., Ltd. (Inner Mongolia Lianhe Fluorocarbon New Materials Co., Ltd.). The capital contribution of Black Cat shares is 100 million yuan and holds 20% equity. ) as the main body of the implementation.

Wanlian Securities said in the previous research report that at present, Lianchuang has put into production 3000 tons of PVDF capacity, and there are still 5000 tons / year under construction, as well as 6000 tons / year PVDF project in the project formalities, the re-construction of 50, 000 tons of capacity fully shows that the company and other partners are optimistic about the PVDF market. Since the outbreak of PVDF demand in the field of new energy in 2021, a number of enterprises have announced the expansion or layout of PVDF,. It is expected that from the end of 2022, the tight supply and demand of PVDF will begin to ease.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
In January, national passenger car producers' new energy wholesale estimates reached 900,000 units, up 1% YoY.
20 hours ago
In January, national passenger car producers' new energy wholesale estimates reached 900,000 units, up 1% YoY.
Read More
In January, national passenger car producers' new energy wholesale estimates reached 900,000 units, up 1% YoY.
In January, national passenger car producers' new energy wholesale estimates reached 900,000 units, up 1% YoY.
According to the latest data from the Passenger Car Association, in December 2025, producers with new energy wholesale sales exceeding 10,000 units accounted for 93% of the total wholesale sales of passenger NEVs that month. Based on preliminary January data, these producers achieved sales of 830,000 units in January. As most producers have already locked in their major sales figures, by applying the structural proportion from the previous month to the current month's data, the estimated wholesale sales of passenger NEVs nationwide in January were 900,000 units. According to comprehensive preliminary monthly association data: the estimated wholesale sales of NEVs by national passenger car producers in January 2026 were 900,000 units, up 1% YoY.
20 hours ago
CAAM: In 2025, 476,000 complete vehicles were imported, down 32.4% YoY.
20 hours ago
CAAM: In 2025, 476,000 complete vehicles were imported, down 32.4% YoY.
Read More
CAAM: In 2025, 476,000 complete vehicles were imported, down 32.4% YoY.
CAAM: In 2025, 476,000 complete vehicles were imported, down 32.4% YoY.
据中国汽车工业协会整理的海关总署数据显示,2025年12月,汽车整车进口3.0万辆,环比下降30.4%,同比下降56.1%;进口金额14.7亿美元,环比下降23.6%,同比下降52.5%。2025年,汽车整车进口47.6万辆,同比下降32.4%;进口金额236.4亿美元,同比下降39.7%。
20 hours ago
Canada Announces New EV Strategy, to Collaborate with China
20 hours ago
Canada Announces New EV Strategy, to Collaborate with China
Read More
Canada Announces New EV Strategy, to Collaborate with China
Canada Announces New EV Strategy, to Collaborate with China
According to CCTV News, on February 5, Canadian Prime Minister Mark Carney announced a new electric vehicle strategy, including the reinstatement of car purchase subsidies, and stated that Canada will cooperate with China to promote the local production and export of EVs in Canada. According to a statement released by the Prime Minister's Office of Canada, the country will make full use of existing and newly established trade agreements, including a recently reached EV cooperation agreement with China, to facilitate large-scale investment in this sector, diversify Canada’s automotive export markets, and position Canada as one of the global leaders in the electric vehicle industry.
20 hours ago