Dangsheng Technology Enters European Market -Lithium - Ion Battery Equipment

Dangsheng Technology Enters European Market -Lithium - Ion Battery Equipment

On November 8, Dangsheng Technology announced that the company signed an agreement with Finnish Minerals Group (hereinafter referred to as "FMG") and its wholly-owned subsidiary Finnish Battery Chemicals Oy (hereinafter referred to as "FBC"). Letter of Intent for Investment, the three parties will jointly fund the establishment of a joint venture company in Finland, responsible for the construction and operation of the European new material industry base project of Dangsheng Technology. Dangsheng Technology holds a 70% stake in the joint venture, while FMG holds a 30% stake in the joint venture through FBC.

The announcement shows that the first phase of Dangsheng Technology's European production base project is planned to produce 100,000 tons of high-nickel power lithium battery cathode materials per year. Among them, the total investment in the first phase of the 50,000-ton production is about 3.9 billion yuan, and it is expected to be completed and put into operation in 2024. So far, Dangsheng Technology has taken an important step in the global production layout and has become the first lithium battery cathode material company in my country to build lithium battery cathode material production in Europe.(Lithium - Ion Battery Equipment)

In recent years, the global new energy vehicle market has grown rapidly. According to statistics from the European Automobile Manufacturers Association (ACEA), the total sales of pure electric vehicles and plug-in hybrid vehicles in Europe from January to September 2021 are 1.5887 million units, and the annual sales are expected to exceed 2.1 million units. According to the Argonne National Laboratory (Argonne) in the United States, from January to September 2021, the total sales of new energy vehicles in the United States will be 424,500, and the annual sales are expected to reach 600,000.

The data shows that, in addition to the Chinese market, the European and American markets will be the next market for the outbreak of new energy vehicles.

Dangsheng Technology has been deeply engaged in the international market for many years, and has become a long-term cathode material supplier for world-renowned lithium battery giants such as SKI, LGC, Samsung SDI, Northvolt, etc., and a Chinese company that exports power lithium battery cathode materials to Europe, the United States, Japan and South Korea at the same time. At present, its overseas customers account for nearly 70% of its sales, and its export ratio ranks first in the domestic lithium battery cathode material industry.

The shortage of output has become the biggest bottleneck in the development of Dangsheng technology. According to public information, in 2021 and 2022, Dangsheng Technology will demand 55,000 tons and 89,000 tons of power lithium battery cathode materials from its three important customers, far exceeding the current overall output.

Dangsheng Technology said that Dangsheng Technology and the Finnish state-owned company jointly established the construction of the European cathode material production base, which is conducive to actively exerting its own advantages, introducing upstream and downstream strategic partners, making full use of local resources, and supporting local European car companies and battery companies. Deeply integrate into the European electric vehicle industry chain and continue to expand its market share in Europe. In the future, Dangsheng Technology's European base will be based in Europe and face the world, and supply high-end power lithium battery cathode materials to European and global car companies and battery customers, laying a solid foundation for Dangsheng Technology to participate in the global electric vehicle industry chain cooperation and maintain its market leadership.



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