Shenhuo Advances Battery Aluminum Foil Projects Amid Industry Challenges
Shenhuo Co., Ltd. said during a survey that its wholly-owned subsidiary Shenhuo New Materials' Phase III 50,000 mt/year battery aluminum foil project is advancing in an orderly manner, with the feasibility study report completed and project establishment work done; Yunnan New Materials' Phase II aluminum foil project is still in the evaluation stage. In response to intensified competition in the battery aluminum foil industry and processing fees being under pressure, the company is actively addressing the situation from multiple aspects: continuously optimizing processes to improve product quality and yield, increasing investment in technology R&D, deepening long-term strategic cooperation with China's leading power battery enterprises, while actively developing high-end market clients outside China.