On February 16, Yunnan Energy New Material Co.Ltd(002812) announced that the company, together with Eve Energy Co.Ltd(300014) , Huayou holding, Yunnan Yuntianhua Co.Ltd(600096) four companies and Yuxi Municipal People’s government, agreed to jointly establish two joint ventures in Yuxi City. After obtaining exploration and mining rights according to law and regulations through the joint venture, the company will jointly mine mineral resources and carry out mineral deep processing, Jointly research, develop, produce and sell new energy batteries and upstream and downstream materials of new energy batteries, promote the construction of new energy battery industry chain, and jointly promote the formation of the whole industry chain cluster of new energy batteries in Yuxi City.
According to the agreement, in terms of mineral resources cooperative development projects, two companies will be jointly established in Yuxi City, one mainly engaged in mineral resources development and the other mainly engaged in mineral deep processing. Among them, Yuxi Municipal government or its designated investor holds 23% of the shares and is the largest shareholder; Yunnan Energy New Material Co.Ltd(002812) holding 22%; Yunnan Yuntianhua Co.Ltd(600096) holding 17%; Eve Energy Co.Ltd(300014) holds 20% and Huayou holdings or its designated related parties hold 18%. The two sides will make joint efforts to match the legitimate scale of mineral development in Yuxi with the local cooperation. In terms of supporting projects such as battery, isolation film and battery anode and cathode materials, the four companies plan to build battery supporting projects such as new energy battery, lithium battery isolation film, iron phosphate, lithium iron phosphate and copper foil projects in Yuxi City around the target mineral resources of Yuxi City in the future. The project is planned to be invested in three phases. The first phase promises to invest about 18.05 billion yuan and will be completed before December 31, 2023; The committed investment in phase II is about 33.65 billion yuan, which will be completed before December 31, 2025; The third phase of the project is planned to be completed by 2030.
Statistics show that all parties to the cooperation are leading enterprises in relevant industries. Among them, Eve Energy Co.Ltd(300014) is one of the few lithium battery manufacturers in the industry who master the core technologies of consumer batteries and power batteries at the same time, and is the core supplier of China’s lithium battery industry; Yunnan Energy New Material Co.Ltd(002812) is the world’s largest supplier of lithium battery diaphragm; Huayou holdings owns a listed company Zhejiang Huayou Cobalt Co.Ltd(603799) , whose products are mainly focused on the lithium battery material industry, involving the whole field of lithium battery material industry such as cobalt and nickel resource development, non-ferrous metallurgy, battery materials and recycling; Yunnan Yuntianhua Co.Ltd(600096) is one of the largest phosphate fertilizer and fine chemical production enterprises in China. At the same time, it has rich phosphate rock resource reserves. It is one of the largest phosphate rock mining and dressing enterprises in China.
Relevant parties said that this cooperation will help all parties give full play to their respective resources and advantages, make use of the development window of Yuxi’s mineral resources and new energy industry, and deeply implement the national strategic deployment of “carbon peaking and carbon neutralization”. It is of positive significance to the strategic layout of the cooperative companies in the new energy industry and is conducive to further improving the company’s market competitiveness and sustainable profitability.
