Sunway Co.Ltd(603333) on the evening of January 16, the company announced that on January 14, the company signed the new energy southwest manufacturing base project investment agreement (hereinafter referred to as the “investment agreement”) with Leshan Municipal People’s government, Leshan high tech Industrial Development Zone Management Committee and China conch venture Holdings Co., Ltd. (hereinafter referred to as “conch venture”), It is planned to invest in the construction of “new energy southwest manufacturing base project” in Leshan high tech Zone, Sichuan Province. On the same day, the company and conch venture signed the joint venture agreement on the establishment of Sichuan Haichuang Shangwei New Energy Technology Co., Ltd. with respect to the investment and construction of the first phase of the 40000 ton project (hereinafter referred to as the “investment project”) of the 200000 ton power energy storage battery cathode material integration project in the investment agreement, and it is proposed to jointly contribute to the establishment of the joint venture to operate the investment project.
The announcement shows that the registered capital of the joint venture is 500 million yuan and Sunway Co.Ltd(603333) plans to invest 245 million yuan. The business scope of the joint venture is the R & D, production and sales of cathode materials for new energy power batteries and energy storage batteries.
The total planning of the investment project is 200000 tons / year, and the total investment is expected to be 8 billion yuan. Among them, the start-up scale of the first phase of the project is to build the integration project of negative electrode materials of power energy storage batteries with an annual output of 40000 tons, and the expected investment is 1.6 billion yuan.
Conch venture was listed on the main board of the stock exchange of Hong Kong on December 19, 2013. It is a large enterprise group providing “package” solutions for energy conservation and environmental protection. Its industry involves four categories: energy conservation, environmental protection, new building materials and port logistics. Its business covers domestic waste treatment, solid and hazardous waste disposal, black and smelly water treatment, new energy anode and cathode materials, lithium battery recycling New building materials, etc. Conch entrepreneurship takes the environmental protection industry as the main body, actively distributes the field of new energy, and invests in the construction of 500000 ton / year lithium iron phosphate cathode material project and China’s first set of CKB lithium battery recycling project in Wuhu Economic and Technological Development Zone.
According to the announcement, Leshan, Sichuan, where the investment project is located, is an area with rich green power resources and low average electricity charges. The electricity price cost has obvious comparative advantages over the central and eastern regions, which is conducive to reducing the power cost and thus reducing the processing cost of graphitization. Relying on the western policy and resource advantages of the region where the investment project is located, the joint venture has strong market competitiveness. In the future, it will also accelerate market expansion, strengthen technology research and development, and promote resource integration through financial support, channel sharing, technology sharing and other means of investors.
Sunway Co.Ltd(603333) said that the company and conch venture jointly invested in the construction of the negative electrode material integration project of power energy storage battery, which is mainly to combine the advantages of both sides, jointly expand the new energy material market, and promote the optimization of the company’s investment structure, improve the investment income and contribute to the company’s health Provide guarantee for sustainable development.
