Evangelist Technology Invests in Lithium Battery Materials -Lithium - Ion Battery Equipment
On December 28, Dow announced that the company planned to invest in the construction of a full life cycle green manufacturing project of lithium-ion battery materials in Longnan Economic and Technological Development Zone. The project company was temporarily named Jiangxi Jiana Energy Technology Co., Ltd., with a registered capital of 200 million yuan. The main production and business scope was the positive material precursor of power batteries, cobalt salt products, nickel salt products, and recycling of waste lithium batteries.(Lithium - Ion Battery Equipment)
The announcement shows that the total investment of the project is 7.5 billion yuan. The proposed industrial plot is located in Fukang Industrial Park, Longnan Economic Development Zone, covering an area of about 600 mu. The construction contents include 50000 tons of power battery cathode material precursor, 20000 tons of metal cobalt salt products, 30000 tons of metal nickel salt products, and 50000 tons of waste lithium battery recycling projects.
The project is expected to start construction at the beginning of 2021, the preparation and construction period is expected to be two years, and the project will be put into operation at the end of 2022. It is expected that the first phase of the project will have an annual output value of more than 10 billion yuan after full production.
In the future, Dow Technologies also plans to build the second phase project according to the market situation. The second phase project is planned to invest 5 billion yuan. On the 400 mu of construction land to be reserved, another 50000 tons of power battery cathode material precursor and 50000 tons of waste lithium battery recycling production line will be built.
Dow Technologies said that the company has rich industrial experience in the new energy battery industry, and its holding subsidiary, Jiana Energy, also has deep technical accumulation and market experience. However, the scale of production capacity is small, and large-scale expansion is difficult due to geographical location and other factors, so its development potential has not been fully realized. In order to give full play to the company's competitive potential and reduce production costs, it is an important direction and way for the company's future development to establish a project base in a reasonable and scientific location, expand the capacity scale and improve the market competitiveness. The company will make full use of the advantages of Longnan City in terms of traffic location conditions, industrial policy support, etc., to promote the goal of green manufacturing of lithium-ion battery materials in the full life cycle, which is conducive to enhancing the core competitiveness of the company and further improving the profitability and sustainable development capacity of the company.
Battery Network noted that after the disclosure of the announcement, Shenzhen Stock Exchange issued a letter of concern to Dow Technologies on December 29.
For the first phase of the project, Dow Technologies is required to supplement the cooperation mode, cooperation content, rights and obligations of both parties, as well as the operation and profit model of the future project with Longnan Management Committee in combination with the specific contents of the investment cooperation contract.
For the second phase of the project, Dow's technology is required to combine the project investment, operation plan and corresponding capital demand and schedule. At present, the available monetary funds, financing channels and the company's own operation, investment and debt service fund gaps are required to supplement the feasibility of the investment plan, and the impact of project investment and operation on the company's asset level, asset income level and other aspects.
According to the public information, in recent years, Dow Technologies has wholly owned Qingdao Haoxin and Jiana Energy through investment and mergers and acquisitions. In 2019, Dow Picea was invested and established, completing the industrial chain layout of "ceramic materials+lithium battery materials+hydrogen energy materials".
In addition, on August 21, the fixed increase of Dow's technology was approved. It is planned to raise no more than 1.62 billion yuan to build 30000 tons of ternary precursor, 100 tons of highly conductive graphene, 150 tons of carbon nanotube conductive agent, 5000 tons of cobalt intermediate and 10000 tons of cathode copper projects, and strive to achieve 100000 tons of ternary precursor and 20000 tons of metal cobalt salt production capacity in the next three years.
The announcement shows that the total investment of the project is 7.5 billion yuan. The proposed industrial plot is located in Fukang Industrial Park, Longnan Economic Development Zone, covering an area of about 600 mu. The construction contents include 50000 tons of power battery cathode material precursor, 20000 tons of metal cobalt salt products, 30000 tons of metal nickel salt products, and 50000 tons of waste lithium battery recycling projects.
The project is expected to start construction at the beginning of 2021, the preparation and construction period is expected to be two years, and the project will be put into operation at the end of 2022. It is expected that the first phase of the project will have an annual output value of more than 10 billion yuan after full production.
In the future, Dow Technologies also plans to build the second phase project according to the market situation. The second phase project is planned to invest 5 billion yuan. On the 400 mu of construction land to be reserved, another 50000 tons of power battery cathode material precursor and 50000 tons of waste lithium battery recycling production line will be built.
Dow Technologies said that the company has rich industrial experience in the new energy battery industry, and its holding subsidiary, Jiana Energy, also has deep technical accumulation and market experience. However, the scale of production capacity is small, and large-scale expansion is difficult due to geographical location and other factors, so its development potential has not been fully realized. In order to give full play to the company's competitive potential and reduce production costs, it is an important direction and way for the company's future development to establish a project base in a reasonable and scientific location, expand the capacity scale and improve the market competitiveness. The company will make full use of the advantages of Longnan City in terms of traffic location conditions, industrial policy support, etc., to promote the goal of green manufacturing of lithium-ion battery materials in the full life cycle, which is conducive to enhancing the core competitiveness of the company and further improving the profitability and sustainable development capacity of the company.
Battery Network noted that after the disclosure of the announcement, Shenzhen Stock Exchange issued a letter of concern to Dow Technologies on December 29.
For the first phase of the project, Dow Technologies is required to supplement the cooperation mode, cooperation content, rights and obligations of both parties, as well as the operation and profit model of the future project with Longnan Management Committee in combination with the specific contents of the investment cooperation contract.
For the second phase of the project, Dow's technology is required to combine the project investment, operation plan and corresponding capital demand and schedule. At present, the available monetary funds, financing channels and the company's own operation, investment and debt service fund gaps are required to supplement the feasibility of the investment plan, and the impact of project investment and operation on the company's asset level, asset income level and other aspects.
According to the public information, in recent years, Dow Technologies has wholly owned Qingdao Haoxin and Jiana Energy through investment and mergers and acquisitions. In 2019, Dow Picea was invested and established, completing the industrial chain layout of "ceramic materials+lithium battery materials+hydrogen energy materials".
In addition, on August 21, the fixed increase of Dow's technology was approved. It is planned to raise no more than 1.62 billion yuan to build 30000 tons of ternary precursor, 100 tons of highly conductive graphene, 150 tons of carbon nanotube conductive agent, 5000 tons of cobalt intermediate and 10000 tons of cathode copper projects, and strive to achieve 100000 tons of ternary precursor and 20000 tons of metal cobalt salt production capacity in the next three years.
