Jiangsu Guotai plans to build another electrolyte project with an annual output of 300,000 tons

On May 31, Jiangsu Guotai International Group Co.
, Ltd.
announced that: Huarong Chemical, a subsidiary of the company, plans to set up a wholly-owned subsidiary Zigong Huarong to invest in the construction of a project with an annual output of 300,000 tons of lithium-ion battery electrolyte and a recovery of 2,000 tons of solvent
.

Project Overview

Project name: Project with an annual output of 300,000 tons of lithium-ion battery electrolyte and recycling of 2,000 tons of solvent

Construction site: Zigong Yantan High-tech Industrial Park, Sichuan Province (South Sichuan New Materials Chemical Industry Park)

Construction unit: Zigong Guotai Huarong New Materials Co.
, Ltd.
(tentative name)

Project investment: 1.
5 billion yuan

Project land: about 300 mu

Project construction period: 24 months

Jiangsu Guotai electrolyte production capacity is planned to reach 1.
41 million tons / year

At present, Jiangsu Guotai’s electrolyte production capacity is 70,000 tons/year, including Zhangjiagang Huarong’s 30,000 tons/year and Fujian Ningde’s 40,000 tons/year.
In addition, the company stated in its investor relations event in December last year that Zhangjiagang Huarong’s The electrolyte production capacity of 30,000 tons/year is planned to be increased to 100,000 tons/year.
Preliminary preparations are currently underway and the construction has not yet been officially launched
.

In addition, there are Ningde Huarong Electrolyte Project with an annual output of 400,000 tons, Quzhou Ruitai Project with an annual output of 300,000 tons of electrolyte, Poland Prusice Electrolyte Project with an annual output of 260,000 tons and Poland Huarong Phase I and Phase II with a total annual output of 80,000 tons tons of electrolyte project
.

Combined with the above-mentioned production capacity, the total planned production capacity of Jiangsu Guotai reaches 1.
41 million tons/year, and the planned total electrolyte production capacity has exceeded the 1.
1 million tons/year of Tianci Materials
.

This is the second time since 2022 that Jiangsu Guotai has planned an electrolyte expansion project with a scale of 300,000 tons per year.
On January 27, 2022, the company's holding subsidiary Jiangsu Ruitai New Energy Materials Co.
, Ltd.
established a wholly-owned subsidiary Quzhou Ruitai New Energy Materials Co.
, Ltd.
invested in the construction of a lithium-ion battery electrolyte project with an annual output of 300,000 tons, with a total investment of 1.
5 billion yuan.
The project started on May 5 in the high-tech zone of Quzhou Zhizao New Town
.

Jiangsu Guotai said: In the context of the continuous increase in the demand for new energy vehicles and lithium batteries, especially the growing demand from high-end customers, the company can only maximize the time for continuous production of the same product and reduce product costs by expanding the scale of production capacity.
And drive the overall efficiency of the company
.
Through large-scale production, the stability of the company's product quality can effectively improve and reduce production costs, so as to further firmly grasp downstream customers through product advantages and price advantages, forming a virtuous circle
.