The investment is more than 10 billion! The foundation of the 20GWh lithium battery project in Nanning, Guangxi has been laid.

From September 27th to 28th, the groundbreaking ceremony of the 20GWh lithium battery project and the promotion meeting of Nanning's new energy automobile industry were held in Nanning, Guangxi. Hundreds of guests, including supplier representatives, downstream customers and industry associations from the polyfluorinated polybattery industry chain, gathered in Nanning and was hosted by Li Lingyun, vice chairman of Duofuoduo New Materials Co., Ltd.

At the meeting, the relevant responsible persons of the Nanning Development and Reform Commission attended the speech and briefly introduced the current investment environment and policy advantages of Nanning to the guests. After the meeting, the relevant leaders of Nanning met with the core suppliers and prospective investors of polyfluoroduo, and talked happily on the spot. a number of companies expressed optimism about the polyfluorinated polylithium battery project and the future development of Nanning, and expressed their investment intention.

In terms of the project, the Battery Network learned on the spot that the 20GWh lithium battery project plans to invest 10.16 billion yuan and be built in three phases, with the first phase capacity being 6GWh/ year; the second phase capacity being 4GWh/ year; and the third phase capacity being 10GWh/ year. The first and second phases of production capacity are scheduled to be put into production in September 2022 and March 2024 respectively, and the products are mainly used in new energy vehicles, energy storage, electric two-wheelers and electric tricycles.

Li Yunfeng, general manager of Duofuoduo New Materials Co., Ltd. And chairman of Guangxi Ningfu New Energy Technology Co., Ltd., said that the reason for the construction of 20GWh lithium battery project is due to the support of Nanning's location advantages, policy support, government leadership and other factors. Third, since the establishment of polyfluorinated new energy in 2010, there are a variety of research and development patents and technology accumulation in lithium battery.

Li Shijiang, chairman of Duofuduo New Materials Co., Ltd., also said at the groundbreaking ceremony that with the in-depth development of China's energy reform, which has greatly promoted the development of new energy and related industries, the 20GWh lithium battery project has become an important starting point for government and enterprises to join hands to extend, supplement and strengthen the chain and promote high-quality economic development. The project, located in Lingli Industrial Park, Qingxiu District, Nanning City, mainly produces square and cylindrical lithium batteries. After 3 years of construction, it will form an annual production capacity of 10GWh power lithium-ion batteries.

It is understood that in August, the penetration rate of new energy vehicles in China has increased to 17.8%, and the penetration rate of new energy passenger vehicles is even closer to 20%. According to the development of this situation, China is expected to achieve the medium-and long-term planning target of 20% market share of new energy vehicles in 2025 ahead of schedule. The production and sales of new energy vehicles continue to set a new record, leading to the rapid growth of the global and Chinese power lithium-ion battery market.

In recent years, polyfluoroduo is also starting from the fluorine chemical industry, constantly marching into new energy. The company was founded on December 21, 1999, mainly engaged in aluminum fluoride, new materials, lithium batteries. On June 25, the company officially changed its name to Duofuoduo New Materials Co., Ltd. (formerly known as "Duofuoduo Chemical Co., Ltd."). The change of the company name also means that the company will focus more on the new materials business in the future. In addition, for the lithium battery business, Duofu more than set up a wholly-owned subsidiary polyfluoroduo new energy in December 2010, introducing advanced manufacturing equipment at home and abroad, focusing on the research, development, production and application of lithium-ion batteries. It is one of the early mass production manufacturers of power lithium-ion batteries in China.

According to the latest data, from January to August, the total installed capacity of power batteries in China was 76.3 GWH, an increase of 176.3% over the same period last year. Among them, the installed capacity of power batteries from January to August of polyfluorinated new energy was 0.5 GWH, accounting for 0.7% of the total domestic installed capacity in the same period. So far, more than 100000 installed vehicles have been installed.

In the context of the era of carbon peak and carbon neutrality, the new energy industry ushered in the best time for capacity and market expansion. To this end, according to the needs of enterprise development, Polyfluoroduo and Guangxi Ningxin Poly Lithium Investment Partnership invested in the establishment of a project company: Guangxi Ningfu New Energy Technology Co., Ltd., controlled by Polyfluoro, dedicated to the development, manufacturing and sales of high-performance power batteries, providing solutions for global green energy applications and energy storage, and planning and construction of annual 20GWh power lithium-ion battery projects and supporting facilities.

Yu Puritanism, secretary-general of Zhongguancun New Battery Technology Innovation Alliance and chairman of the Battery 100 Association, said, "the settlement of high-quality power battery enterprises has a strong pulling force for industrial agglomeration and strong chain complement." The settlement of polyfluorodo in Nanning, on the one hand, is expected to attract a number of upstream materials enterprises to follow the layout, helping to further expand the Nanning new energy vehicle industry cluster; on the other hand, polyfluorodo can also rely on the geographical advantages of Nanning base adjacent to Southeast Asia to further open up the international market. "

At present, Duofuoduo has a lithium battery capacity of 3.5GWh. With the construction and release of the new plant capacity, the company's lithium battery capacity will reach 23.5GWh. Li Yunfeng also said that in the future, in terms of lithium batteries, the capacity layout of polyfluorinated new energy 10GWh and Guangxi Ningfu new energy 20GWh will be formed.

In addition, Yu Puritanism also analyzed that starting with fluorine chemical industry, it has grown into polyfluoroduo, a manufacturer of lithium materials such as lithium hexafluorophosphate, and the layout battery industry has strong raw material support, which further enhances the competitiveness of polyfluoroduo.

The battery network learned that in terms of new materials, the crystal lithium hexafluorophosphate products independently developed by polyfluorine and polyfluorine broke the monopoly of foreign enterprises on the lithium hexafluorophosphate market, successfully realized import substitution, and greatly reduced the market price of lithium hexafluorophosphate. In the second half of 2021, the company will form an annual production capacity of 15000 tons, the market share is in the forefront of the industry, the products are supplied to domestic mainstream electrolyte manufacturers, and exported to South Korea, Japan and other countries, sales are in the forefront of the world.

In addition, in the second half of this year, polyfluoroduo began to accelerate the expansion of lithium hexafluorophosphate. On July 17, the company announced its intention to use self-raised funds to invest in the construction of 100000 tons of lithium hexafluorophosphate, 40, 000 tons of difluorosulfonimide lithium (LiFSI) and 10, 000 tons of lithium difluorophosphate, with a total investment of 5.15 billion yuan. On September 8th, the company signed the Investment Cooperation Agreement of Lithium hexafluorophosphate and Additives Project with an annual output of 20, 000 tons with the Management Committee of Yangquan High-tech Industrial Development Zone, with a planned investment of 1 billion yuan to build an annual production capacity of 20, 000 tons of lithium hexafluorophosphate and additives

According to the previous announcement, the project of 100000 tons of lithium hexafluorophosphate and 40, 000 tons of LiFSI and 10, 000 tons of lithium difluorophosphate is expected to reach production by the end of 2025, according to Chuang Chuang Securities. The large-scale production expansion reflects Polyfluoroduo's confidence in the future industrial development and provides momentum for the company's sustained growth. at the same time, the large-scale expansion of new lithium salts and additives also fully proves the company's deep technology accumulation. Stand the lead in the continuous technological iteration of the industry.

In terms of power battery business, PFD has cut into the supply chain of Chery, Geely, Wuling and other automobile companies, and the company will actively promote the international strategic layout in the future. relying on the geographical advantages of Guangxi production base adjacent to Southeast Asia to further develop the international market of electric two-wheelers, power battery business is expected to return to the track of rapid growth.

At present, the development of new energy vehicles has started a prairie fire, the demand for raw materials for lithium batteries is surging, and it will take time for related companies to build capacity, which is the opportunity period for polyfluorocarbons. In addition, with the construction and production of the polyfluorine and lithium battery project, how will the company perform in the new energy field in the future? We'll see!