Huayang holding the project of lithium hexafluorophosphate and sodium ion battery with multi-fluorine and multi-layout

On September 25, Huayang announced that on September 24, 2021, the company signed a tripartite "Strategic Cooperation Framework Agreement" with Duofudo and Tianjin Wutongshu Investment Management Co., Ltd. (hereinafter referred to as "Wutongshu Capital").

According to the contents of the agreement, the three parties intend to cooperate in the fields of sodium hexafluorophosphate cooperation project, sodium ion battery cooperation project, lithium hexafluorophosphate cooperation project, electrolyte additives, anode materials and so on. At the same time, Huayang and Polyfluoroduo may cooperate to set up scientific research institutes in the field of new energy in the future.

According to reports, the lithium hexafluorophosphate cooperation project may be promoted first as a mature project of strategic cooperation among all parties. Duofuoduo set up Duofuoyangfu New material Co., Ltd. (Lithium hexafluorophosphate Project Company) and built lithium hexafluorophosphate production line (Lithium hexafluorophosphate Project) The industrial fund of Huayang shares and Wutongshu Capital plans to invest in the lithium hexafluorophosphate project company in the form of equity.

In terms of cooperation in the fields of electrolyte additives and anode materials, polyfluoroduo, as a leading enterprise in the electrolyte industry, has formulated the development strategy of functional additives for lithium-ion batteries. Huayang shares and Wutongshu Capital are willing to participate in the investment. At the same time, Huayang shares make use of its own advantages of coal resources to further increase the extension of the negative industrial chain, and polyfluorine has a deep willingness to cooperate with negative materials.

It is understood that at present, the main business of Huayang shares is still coal production, washing processing, sales, power production, sales, thermal production, sales and so on.

With regard to this cooperation, Huayang said that the signing of this agreement will help all parties complement each other's strengths, win-win cooperation, make full use of and integrate their resources in relevant fields, and explore all-round and in-depth cooperation in the new energy industry. At the same time, it is beneficial for the company to actively cultivate the new energy industry, build an innovative collaborative ecosystem integrating scientific research, industry and capital, promote the company's exploration from the traditional energy field to the new energy field, and realize the sustainable development of the enterprise.

In addition, the announcement pointed out that based on the wide range of application scenarios and market space in the later stage of sodium ion battery, polyfluorine has the ability of industrialization of sodium hexafluorophosphate, as well as the layout of Wutongshu Capital and Huayang shares in the direction of sodium ion battery. all parties intend to carry out sodium hexafluorophosphate cooperation projects and sodium ion battery cooperation projects.

In fact, Huayang has already strategically laid out the field of sodium ion batteries.

On March 26 this year, through equity penetration, it was found that Huayang shares, through its Wutong Tree Capital, participated in round A financing of Kehainna, the "forerunner" of sodium ion battery industrialization, and indirectly held 3.3% of the equity.

In addition, Huayang and its parent company hold about 19.5% of China Kehina through Wutong Jiayu Fund.

On April 13, Huayang announced that its subsidiary, Shanxi Xinyang Clean Energy Co., Ltd. (referred to as "Xinyang Clean Energy"), intends to invest no more than 140 million yuan to jointly build 4000 tons of positive and negative materials for sodium ion batteries, which is about the capacity of 0.8Gwh, which is expected to be mass produced by the end of 2021. The initial stage of battery assembly will look for lithium-ion battery PACK factory to assemble.

On April 20, Xinyang Clean Energy and China Science Haina jointly established subsidiaries producing positive and negative electrodes of sodium ion batteries: Shanxi Huana carbon Energy Co., Ltd., Shanxi Huana Copper Energy Co., Ltd., of which Xinyang Clean Energy accounted for 45%. China Kehaina accounts for 55%.

In June, Huayang Co., Ltd. and China Kehina jointly developed the 1MVh sodium ion battery energy storage system, which has been officially put into operation.

In the future, Huayang and Zhongke Hainer plan to set up their own battery PACK plant, which will expand to the production line of positive and negative materials for 10GWh sodium ion batteries in 2023.