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With the increase in sales of new energy vehicles, Long Bai Group (002601), a leading company in the titanium dioxide industry, has continued to increase its layout in the new energy sector
With the increase in sales of new energy vehicles, Long Bai Group (002601), a leading company in the titanium dioxide industry, has continued to increase its layout in the new energy sector
On the evening of November 29, Longbai Group announced that in order to seize the development opportunities of lithium-ion batteries and further strengthen the company’s layout in the lithium-ion battery anode material industry, the company’s wholly-owned subsidiary Henan Baili New Energy Materials Co.
According to the announcement, Longbai Group intends to build an integrated project with an annual output of 200,000 tons of lithium-ion battery anode materials in the western industrial cluster of Zhongzhan District, Jiaozuo City.
Longbai Group is headquartered in the western industrial agglomeration area of Jiaozuo, Henan.
Longbai Group adheres to the two-wheel-driven development model of mergers and acquisitions expansion and endogenous growth.
E company noticed that since this year, Longbai Group has continued to increase its weight in the field of new energy batteries through new projects, cooperation, acquisitions and other methods
For example, Longbai Group acquired 100% of the shares of Henan Zhongtan New Material Technology Co.
In the view of Longbai Group, as a key crossover industry in the three major industries of new energy, new materials and new energy vehicles, the demand side of lithium-ion batteries is gradually expanding
Longbai Group believes that the implementation of the integration project of lithium ion battery anode materials with an annual output of 200,000 tons will further strengthen the company's strategic layout in lithium ion battery anode material products, which will help the company form a more complete industrial system and actively promote the company's integration The new energy material production and manufacturing supply chain enhances the company's comprehensive competitiveness
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