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On June 14, Huayou Cobalt announced that it had decided to terminate the acquisition of 100% equity of Inner Mongolia Shengvanadium Technology New Energy Co.
, Ltd.
, and to stop its layout in the field of lithium iron phosphate materials
.
The announcement shows that Bamo Technology, a subsidiary of Huayou Cobalt Holdings, signed a "Letter of Intent for Equity Acquisition" with Huayou Holdings.
Bamo Technology plans to pay Huayou Holdings in cash or issue new shares to acquire Inner Mongolia held by Huayou Holdings.
100% equity of Sheng Vanadium Technology, expand lithium iron phosphate business
.
Regarding the termination of the acquisition, Huayou Cobalt said that lithium battery ternary materials occupy an important position in the mid-to-high-end passenger vehicle market, and high nickel has become the development trend of ternary materials
.
In order to further concentrate advantageous resources, improve the efficiency of capital use, focus on the new energy lithium battery ternary material industry chain, accelerate the layout of upstream nickel, cobalt and lithium resources, and downstream product development and capacity expansion, it was decided to terminate the layout in the field of lithium iron phosphate materials
.
It is understood that the current lithium iron phosphate market is hot
.
A large number of phosphorus chemical and titanium dioxide enterprises have entered the market, including Longbai Group, Jinpu Titanium Industry, China Nuclear Titanium Dioxide, Ananda, Hubei Yihua, Yuntianhua, Chuanjinnuo, etc.
, relying on the comprehensive advantages of raw material costs to plan a large number of Iron phosphate and lithium iron phosphate production capacity
.
In terms of battery factories, in addition to domestic manufacturers such as Ningde Times, BYD, Yiwei Lithium Energy, and Guoxuan High-tech to increase the production capacity of lithium iron phosphate, Korean battery factories such as LG Chem and SKI, which focus on ternary, are also actively embracing the lithium iron phosphate route
.
