Ningde era set up two new energy companies with a registered capital of more than 2 billion in a single day.

SMM March 25: March 24, Ningde era has been exposed two pieces of news about the establishment of new energy business-related companies. First, Xiamen Times New Energy Technology Co., Ltd., it is reported that the company's registered capital is 2 billion yuan. The scope of business includes battery manufacturing, battery sales, electronic special materials manufacturing; electronic special materials sales; new materials technology promotion services and other businesses, the company is 100% owned by Ningde Times.

On the same day, another new energy development company, Jining High-tech Zone Runyong New Energy Development Co., Ltd., was established with a registered capital of 10 million yuan. The scope of business includes power generation business, transmission business, power supply (distribution) business; solar power generation technology services; emerging energy technology research and development.

It is reported that the company is 100% controlled by time Yongfu Technology Co., Ltd., and jointly owned by Ningde Times and Yongfu shares.

Previously, in the investor activity report in mid-February, Ningde Times revealed the company's layout and control of upstream lithium resources. Ningde Times said that the company ensures the supply of lithium resources through long-term cooperation, investment cooperation, recycling, self-exploitation and other ways. Among them, in terms of recovery, the recovery rate of lithium has exceeded 90%, and lithium recovery has now played a certain role in supply security; in addition to previous overseas investment and cooperation, Ningde era Yichun and other places have also invested in lithium resources and mined lithium mines on their own.

It is reported that the technological maturity of ternary battery recycling in Ningde era is higher than that of lithium iron phosphate battery recycling. Ningde era explained that the main reason for this is the high price of nickel and cobalt metals, and now, with the continuous increase in the price of lithium iron phosphate, the heat of lithium iron phosphate recovery is also increasing significantly. At present, Ningde era also has the annual recycling technology and production capacity of ternary and iron-lithium waste batteries, and the production capacity will continue to expand in the future. In addition to the positive electrode, the company has arranged graphite and electrolyte recycling to improve product economy and reduce product carbon emissions.