Tuesday 27 October 2009

Jinchuan Group invested 328 million into the new field of energy to build a base in the Blue

Jinchuan Group invested 328 million into the new field of energy to build a base in the Blue

"Battery king" BYD new energy concepts for stir-fried became the "God of Wealth." The October 16, the new concept of energy laptop battery re-entering the industry's attention: be regarded as "China's largest nickel producer Jinchuan Group, has formed a series of energy with materials and high-energy battery products industry cluster is far Inc. Keli to join forces into a new field of energy, and formally signed a nickel-metal hydride batteries framework agreement on joint development projects. Yesterday, Jinchuan Group, the Framework Agreement was officially disclosed the specific details and future planning development goals.

Into the preparations for the past two years the field of secondary batteries


In 2008, Jinchuan Group, decided to formally enter the field of nickel-metal hydride batteries, the battery included in the investment management company's overall development strategies. In 2009 the first Board meeting, the Jinchuan's motion to enter the field of rechargeable batteries has been the recognition and strong support of the board of directors.


The so-called secondary 92P1073 battery, meaning the charge could be repeatedly recycled batteries, lithium-ion battery is one of them. In view of secondary 92P1075 battery research and production related to chemistry, physics, materials, electronics and many other disciplines, while the introduction of complementary strategic investors to achieve powerful alliances, and can be industrialized. Through the pre-market research, Jinchuan Group, to finalize and Hunan Keli New Energy Co., Ltd. co-operation far into the field of secondary batteries, secondary batteries and practices to achieve power battery production and sales and, ultimately, nickel-hydrogen batteries for large-scale automotive production and sales, to extend the industrial chain, improve value-added products and form new profit growth point.


Lanzhou base built by the end of August next year, the pilot


Under the agreement, Jinchuan Group and Hunan Keli far from the company through the establishment of a joint venture of this platform to achieve integration of resources, complementary advantages, fast Ni-MH battery industry bigger and stronger. Production base in Lanzhou, the two sides is expected to invest 328 million yuan, of which 228 million investment in fixed 08K8199 assets. Jinchuan Group in cash, land financing, Keli far the company some of the cash and the "Yiyang Keli far" all the equity price is financed, the final 49% stake in accordance with Jinchuan Group, Keli far the company 41% stake in Hunan European technology company holding 10% of the power structure of the establishment of the share capital structure. Is expected by the end of August 2010, Lanzhou production base of 200,000 / day pilot production line will be built.


Promising complementary advantages


As a new generation of economic growth, secondary battery market has been overcast with war. In particular, secondary battery market accounted for the bulk of the lithium-ion battery, South Korea and Japan in the world market share of up to 96%, a very intense competition among the three countries. And this cooperation, as a major strategy for the perpetrators of this has been implemented on the existing strengths complement each other: Jinchuan Group is Jicai, election, smelting, chemical in one of the large non-ferrous metallurgy, chemical joint ventures, mainly produces nickel, copper, cobalt, rare and precious metals and sulfuric acid, caustic soda, 08K8198 liquid chlorine, hydrochloric acid, sodium sulfite and other chemical products, as well as non-ferrous metal processing products, with production of nickel-metal hydride and lithium-ion batteries most of the support capability of raw materials, with new materials, nickel and cobalt States Engineering Technology Research Center in the world enjoys a good reputation with the industry, and formed a well-developed marketing network. Section Li Yuan New Energy Co., Ltd. is a professional research and development, production and marketing of hydrogen nickel, nickel-cadmium, lithium-ion rechargeable batteries, lead, cloth materials and high-energy lead-acid batteries, rare earth materials for energy storage products such as high-tech enterprises, is also the world's largest continuous strip of nickel foam manufacturers, having a number of high-energy batteries patented technology.


Insiders said that Jinchuan and Keli far cooperation will give full play to much Keli's advanced proprietary technology, good market 08K8197 access, rich production experience advantage, but also to play a wealth of raw materials resources in Jinchuan, strong R & D , good market reputation, well-known brand advantages, and strengthen competitive advantage in the industry chain, rapidly achieving bigger and stronger nickel-metal hydride batteries, nickel-metal hydride batteries to create a global leader in the industry. Co-operation between the two sides not only of great significance to sustainable development, but also in Gansu Province and Hunan Province will be cross-regional economic exchanges and cooperation have an important impact

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