The leading lithium battery cathode enterprise announced that it will put on a 120,000 tons/year phosphate (manganese) iron lithium production line

On the evening of January 13, Dangsheng Technology issued an announcement
on investing in the construction of the first phase of the new material industrial base of Dangsheng Technology (Panzhihua).

Beijing Dangsheng Material Technology Co.
, Ltd.
, Sichuan Shudao New Material Technology Group Co.
, Ltd.
and Panzhihua Vanadium Titanium High-tech Industrial Development Zone Management Committee signed the "300,000 tons/year phosphate (manganese) iron lithium project cooperation agreement" on December 2, 2022, planning to build a new material industrial base project project of Dangsheng Technology (Panzhihua) in Vanadium and Titanium High-tech Zone, Panzhihua City, Sichuan Province
。

It is reported that the base plans to build an annual output of 300,000 tons of lithium phosphate (manganese) iron lithium production capacity, the first phase of the project plans to build an annual output of 120,000 tons of lithium phosphate (manganese) iron lithium production line and supporting facilities, with a total investment of RMB 260,331.
41 million, and a construction period of 35 months (subject to the actual construction situation).

Dangsheng Technology said that in recent years, the global new energy vehicle and energy storage market has developed rapidly, and the technical application of lithium phosphate (manganese) iron phosphate in the field of energy storage and electric vehicles has become increasingly mature, and the future development space is huge
.
In order to seize market opportunities and give full play to the advantages of technology, customers and integrated cooperation, the company has accelerated the construction of lithium phosphate (manganese) iron and steel production capacity, aiming to promote the company's comprehensive development
in the fields of power, energy storage and small lithium battery cathode materials.

In addition to the above projects, Dangsheng Technology also plans to jointly establish a new joint venture company with Shudao New Materials as a project company to build and operate a 200,000 tons/year ternary cathode material production project, or Sichuan New Lixiang Energy Technology Co.
, Ltd.
, a subsidiary of Shudao New Materials, introduces Dangsheng Technology through equity transfer or capital increase and share expansion, and finally realizes that after Dangsheng Technology is held, as a project company, on the basis of the existing 50,000 tons/year cathode material capacity planning of New Lithium, a new 150,000 tons/year ternary cathode material project will be added.
Finally, it will reach a scale
of 200,000 tons/year ternary cathode material.
The total investment of the project is planned to be 10 billion yuan, and it is expected to be completed and reached production
by the end of 2028.

After achieving a year-on-year increase in net profit of 284.
12% and 183.
45% in 2020 and 2021, Dangsheng Technology is expected to double its performance again in 2022
.

On the evening of January 11, Dangsheng Technology announced that it is expected to achieve a net profit of 2.
2 billion yuan to 2.
3 billion yuan during the period, an increase of 101.
65%~110.
82% over the same period of the previous year; Deducted non-net profit of 2.
2 billion yuan to 2.
3 billion yuan, an increase of 179.
16%~191.
29%
over the same period of the previous year.

The company said that during the reporting period, the international and domestic markets were further expanded, customer demand grew rapidly, the sales scale increased significantly, the new generation of products quickly achieved large-scale sales, and product profitability continued to improve; The new production capacity was successfully released, and the product supply capacity was greatly enhanced; Lean management has achieved remarkable results, production efficiency has been further improved, the company's core competitiveness has been continuously strengthened, and the profit level has reached a new high
.

As a leading enterprise of lithium battery cathode materials in China, Dangsheng Technology has significantly benefited from the continuous rapid growth
of global new energy vehicle market demand.
In the first half of 2022, the company disclosed that product sales reached a record high, of which shipments of high-nickel products increased significantly, and the proportion continued to increase
.
In the international market, the company has established a strong cooperative relationship with global first-line brand power battery companies such as SK on, AESC, LG New Energy, Murata, etc.
, and has achieved large-scale shipments of products, and international customer sales have accounted for more than 70%.

Major domestic customers include EVE Lithium Energy, China Innovation Aviation, Hive Energy, etc.
, maintaining the main supplier position
in high-end power battery customers.
In addition, the company's solid-state lithium battery materials have successfully introduced Ganfeng lithium battery, Qingtao, Weilan new energy, Huineng and so on
.

In recent years, while the performance and market position have been significantly improved, the expansion of Dangsheng Technology has continued
.
The company previously said that limited to its own production capacity, the company can no longer meet the future production capacity supporting needs of downstream customers, and needs to accelerate the construction of
multi-cathode material production capacity.