197 million yuan! New Asia process plans to build an annual output of 80,000 tons of lithium battery electrolyte project

It is understood that the total investment of the project is 19,677,13 million yuan, of which the construction investment is 11,740.83 million yuan, the interest during the construction period is 1,7630 million yuan, and the working capital is 77.60.00 million yuan. The construction site is located in the high-tech industrial Park of Quzhou Economic Development Zone, Zhejiang Province.

Xinya Process said that after the successful implementation of this project, Xinya Shanshan will form an annual production capacity of 130,000 tons of lithium battery electrolyte, which is conducive to continuously strengthening the company's advantages in raw material transportation costs, delivery cycle, quality assurance and other aspects, and will further strengthen the company's strategic layout in the lithium ion battery material industry chain to meet the needs of the company's future business development and market expansion. It is of great significance to promote the long-term stable development of the company.

According to the data, the main business of Xinya process is mainly chemical material manufacturing and electronic process business, and the main business is carried out around the electronic information industry customers, mainly serving the downstream electronic information manufacturing industry.

New Asia Process pointed out that in the past few years, limited by business channels and resources, the company's electronic adhesive business mainly focuses on the field of consumer electronics, although the company continues to break through in technology, trying to expand the market to new energy vehicles, photovoltaic power stations, energy storage battery systems, MiniLED and other fields, but the threshold of new energy vehicles and other fields is high. The overall market development progress is not as fast as the development of the new energy industry. In view of the slowdown in the growth rate of consumer electronics in recent years, the market prosperity has declined slightly, and new energy vehicles, photovoltaic power stations, energy storage battery systems and other fields are one of the mainstream tracks in the next 5-10 years, so the company decided to expand the market to new energy vehicles, photovoltaic, energy storage and other fields based on the technology, experience and talent accumulation of the electronic glue business itself.

In 2022, through the newly established Shanghai Xinya Zhongning New Energy Co., LTD., Xinya Process transferred the 51% equity of Xinya Shanshan held by Ningbo Yong湶 Investment Co., LTD. In February 2023, the company's subsidiaries have completed the delivery procedures for the above equity, and the company added lithium battery electrolyte business.

It is understood that the current planning of the electrolyte production capacity of 50,000 tons, lithium hexafluorophosphate 6,000 tons, and independent research and development and production of a number of special additives, is a lithium ion battery electrolyte manufacturers with development potential and competitive strength. The company's electrolyte products are widely used in power batteries, energy storage batteries, 3C digital batteries, application scenarios covering new energy vehicles, energy storage, mobile phones, notebooks, power tools, smart wear and so on.