Dow Technology Overweight Li-ion Battery Materia-Lithium - Ion Battery Equipment

Dow Technology Overweight Li-ion Battery Material Layout -Lithium - Ion Battery Equipment

Today's Battery Magazine - China Battery Alliance News On April 24, Dow's technical announcement disclosed that it plans to acquire the remaining shares of its holding subsidiaries, Jiana Energy and Qingdao Haoxin, for a total transaction price of 1.503 billion yuan.

The announcement shows that Jiana Energy, as an important domestic cobalt product supplier, has been focusing on the production of cobalt salt products through the hydrometallurgical process for more than ten years since its establishment, and has expanded its product line downstream to ternary precursors through technology accumulation and product research and development. body. Qingdao Haoxin is an important conductive agent manufacturer in China and is in a leading position in the conductive agent industry. The main products are graphene conductive agent and carbon nanotube conductive agent, which are conductive enhancers for lithium batteries.(Lithium - Ion Battery Equipment)

Dow Technology has been actively deploying new energy materials industry since 2016, and has successively invested in and controlled Qingdao Haoxin and Jiana Energy. In 2017, Dow Technologies publicly issued convertible bonds to raise funds for the construction of the "Lepidolite Comprehensive Development and Utilization Industrialization Project", which uses lepidolite as a raw material to produce lithium carbonate. So far, Dow Technology has formed a relatively comprehensive industrial chain in the field of lithium battery materials.

In May 2015, the "Made in China 2025" issued by the State Council listed "new energy vehicles" and "graphene" as key development areas; in October 2016, the Ministry of Industry and Information Technology issued the "Non-ferrous Metals Industry Development Plan (2016-2020)" , clearly stated that "focusing on the needs of energy storage and new energy vehicles and other fields, focus on the development of large-capacity and long-life energy storage battery cathode materials, anode materials, high-performance copper foil and aluminum foil, as well as low-cost and high-quality battery-grade lithium carbonate, ternary In November 2017, the National Development and Reform Commission issued the "Three-Year Action Plan for Enhancing the Core Competitiveness of Manufacturing Industry (2018-2020)", which listed "graphene" as a key task for the industrialization of key technologies for new materials. It can be seen that the state attaches great importance to supporting industries such as new energy vehicles, batteries, and graphene materials. The subsidy policy has greatly promoted the development of the new energy vehicle industry, which has created a good environment for the development of Cana Energy and Qingdao Haoxin. F.

In 2016 and 2017, the operating income of Jiana Energy was 688 million yuan and 1.35 billion yuan respectively, and the net profit was 31.7792 million yuan and 238 million yuan respectively; Qingdao Haoxin's operating income was 62.368 million yuan and 113 million yuan respectively. , the net profit was 16.12 million yuan and 23.98 million yuan respectively, and the performance showed a rapid growth trend.

The vigorous development of new energy vehicles and lithium battery industries has driven the growth of upstream cobalt products and conductive agent products consumption. As important suppliers in their respective fields, Jiana Energy and Qingdao Haoxin rely on their strong technical reserves and stable large customers. Channels and efficient management team, seize market development opportunities and share industry development dividends.

In order to further enhance the control over the two subsidiaries, further optimize the allocation of internal resources, and give full play to the synergy of various businesses, Dow Technology intends to issue shares to Yuanwei Investment and New Hualian Holdings to purchase its A total of 49% of the equity of Jiana Energy held by them, and the transaction price is RMB 1.323 billion; it is proposed to issue shares to Wang Lianchen and Dong Angang, and pay cash to Wei Chen to purchase their total 45% equity of Qingdao Haoxin, and the transaction price is RMB 180 million yuan. After the transaction is completed, Jiana Energy and Qingdao Haoxin will become wholly-owned subsidiaries of Dow Technologies.

Dow Technology stated that this transaction is a strategic move for the company to further deepen its layout in the new energy materials industry.



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