On the morning of September 28, 2022, at Wenzhou’s Third Quarter Major Project Centralized Launch and Signing Ceremony, the company’s proposed cooperative investments—the Wenzhou New Energy Battery Materials Low-Carbon Industrial Park Project, the Wenzhou Green Circular Economy Industrial Park Project—and a collaborative research institute project with Central South University participated in the signing ceremony.
For the two investment projects, the company partnered with GEM Co., Ltd., a leader in China’s circular economy and a core enterprise in the global new energy materials industry supply chain, and Yongqing Technology Co., Ltd., a subsidiary of the Fortune 500 company Tsingshan Holding Group, to sign an investment framework agreement with the Dongtou District Government for the Wenzhou New Energy Battery Materials Low-Carbon Industrial Park Project, and a strategic cooperation framework agreement with the Wenzhou High-Tech Zone Management Committee for the Wenzhou Green Circular Economy Industrial Park Project. The two investment projects encompass multiple segments of the new energy industrial chain, including nickel-cobalt-manganese sulfate crystals, high-nickel ternary precursors, graphene anode materials, electrolytes, power batteries, and battery waste recycling.
The company also established Weiming Shengqing New Materials Research Institute in collaboration with Central South University for industry-university-research cooperation. The institute will be led by Chai Liyuan, Academician of the Chinese Academy of Engineering and Vice President of Central South University, who will serve as the Director of the Institute’s Expert Technical Committee. The institute will support the company’s development in new materials manufacturing, technological R&D, and talent cultivation.
At the signing ceremony, Xiang Pengyu, Director and Vice President of the company, was invited to speak. He stated that the rapid progress in the company’s new energy sector is attributable to its outstanding partners, including Tsingshan Holding Group, GEM, Chengtun Mining, and Sunwoda, expressing gratitude for their trust and sincerity as invaluable allies in the company’s growth journey.
In April this year, the company signed an investment agreement with Longwan District, Wenzhou City, for the Wenzhou Lithium Battery New Materials Industrial Base Project with an annual production capacity of 200,000 tons of cathode materials. Within five months, the project successfully secured 556 mu of Phase I land and conducted trial piling on the same morning. As the upstream supply for the Wenzhou project, the company’s Indonesian operations—with a total annual capacity of 130,000 tons of nickel metal in high grade nickel matte, ensure raw material supply. Now, with new project investments and technological collaborations with GEM and Tsingshan Holding Group across the new energy industrial chain, the company further strengthens and complements its strategic layout in the new energy sector.