South Korea's ENCHEM invests in Huzhou Kunlun Chemical to jointly create highly competitive electrolyte products
On July 17, the signing ceremony of South Korea's ENCHEM Co., Ltd.'s shareholding in Huzhou Kunlun Power Battery Materials Co., Ltd. was grandly held. According to Battery China.com, in view of the current impact of the new crown pneumonia epidemic, the signing ceremony was held simultaneously in the two countries in the form of online video.
At the signing ceremony, Guo Yingjun, chairman of Kunlun Chemical, said that the signing of the agreement is that the two parties will integrate their respective advantages and cooperate in the research and development and production of new electrolyte products with the goal of enhancing the core competitiveness of the company and creating new growth points.
It is reported that Huzhou Kunlun Chemical will introduce ENCHEM as an investor, and the two parties will establish a joint venture company to jointly build an electrolyte production line in Huzhou. The goal is to build the largest single lithium electrolyte production base in China.
Wu Zhengyu, chairman of South Korea's ENCHEM Co., Ltd., expressed his deep regret that due to the impact of the epidemic, the contract could only be signed face-to-face through video. At present, global climate change is bringing new challenges. Promoting the development of the electric vehicle industry is a good solution to get out of the dilemma of climate change. Countries around the world are promoting the development of the electric vehicle industry, and the demand for power batteries is growing rapidly. Drive the rapid development of upstream lithium battery materials. "At present, ENCHEM has established electrolyte production bases in Europe, Poland and the United States. In recent years, ENCHEM has successively cooperated with China Lishen Battery, ATL and other companies," said Wu Zhengjiu. In order to better expand its business in the Chinese market, ENCHEM has been looking for China. The local suitable high-quality partner, after long-term research and investigation, finally decided to cooperate with Kunlun Chemical.
According to Battery China.com, Huzhou Kunlun Power Battery Materials Co., Ltd. was established in May 2017. It was invested and constructed by Xianghe Kunlun Chemical Products Co., Ltd., specializing in the research and development, production, sales and service of power lithium battery electrolytes. The existing electrolyte annual production capacity is 60,000 tons. Since its establishment 3 years ago, the company has won the "Great High" project in Huzhou for many times; won the local "intelligent manufacturing", "integration of industrialization and industrialization", "South Taihu Elite Program Innovation Long-term Leading Talent" and other project awards, won the high-tech enterprise, city The title of High Enterprise R&D Center.
According to public information, ENCHEM was established in 2012 and is one of the major electrolyte manufacturers in South Korea. Since its establishment, the company has become a major supplier to LG Chem, SKI, Nesscap, Kokam, EIG and other companies in South Korea. . In recent years, it has also entered the supply chain of mainstream battery companies in China. At present, the company has electrolyte production bases in South Korea, Poland, the United States and other places. According to foreign media reports, at the beginning of this year, ENCHEM also announced plans to invest more than US$60 million (approximately RMB 420 million) to build two new factories in Jackson County, Georgia, to meet the needs of its North American battery customers for capacity expansion.
As one of the global electrolyte giants, choosing to cooperate with Chinese high-quality electrolyte manufacturers will facilitate its development of the Chinese market.
It is reported that Huzhou Kunlun has established long-term and stable cooperative relations with many well-known domestic battery manufacturers such as Ningde Times, Funeng Technology, Weihong Power, Thornton New Energy, and Xingheng Power. It is the main power lithium-ion battery in China. One of the high-tech enterprises engaged in electrolyte research and development, production, sales and service.
For Kunlun Chemical, introducing ENCHEM investment, strengthening technical cooperation with South Korea's ENCHEM, and at the same time based on advanced and reasonable management and production competitiveness will help it to further develop domestic and foreign mainstream battery enterprise customers, and the two parties will also Take the joint venture as an opportunity to establish a highly competitive lithium-ion battery electrolyte production base in China.