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Guoxuan's massive effort to increase upstream materials and battery recycling

After 11.5 billion 'dipping into' lithium carbonate, Guoxuan once again aggressively increased the upstream raw material supply chain. On March 22, Guoxuan Hi-Tech signed an investment cooperation agreement with Feidong County, Hefei. It plans to invest 12 billion yuan to build a series of power lithium battery industrial chain projects in Hefei Circular Economy Demonstration Park, which is expected to be completed and put into production within 24 months. According to the agreement, the contracted project focuses on lithium-ion battery front-end raw material and back-end battery recycling and echelon utilization. After completion and commissioning, it will guarantee Guoxuan’s power lithium battery output in 2025 to reach 100GWh of raw material supply, and solve the problem of lithium-ion battery recycling and recycling. Echelon utilization problem. Not only the Feidong project, but in the first quarter of 2021, Guoxuan Hi-Tech has continued to increase the amount of upstream raw materials several times, involving more than 23.6 billion yuan. On March 10, Guoxuan Hi-Tech announced that through its subsidiary Hefei Guoxuan invested 100 million yuan to establish two grandson companies, namely Guoxuan Cycle, a lithium battery recycling company, and Guoxuan New Materials, a negative electrode material company, to increase the upstream raw materials for lithium-ion batteries. He battery recycling strategic layout aims to strengthen production cost control and consolidate its market position in the lithium-ion battery industry. On February 28, Guoxuan Group also signed a 11.5 billion yuan lithium battery new energy industrial chain project with the Yichun People’s Government, planning to build industrialization projects such as lithium carbonate production and lithium-ion battery supporting materials in Yichun Economic Development Zone. In the later period, the advantages of Yichun lithium mine resources will be combined to promote the integration of the upstream and downstream of the industrial chain. In mid-January, Volkswagen Guoxuan’s 30,000 tons of ternary cathode material project started in Lujiang. The project is expected to be completed and put into production in December 2023. By then, it will have an annual output of 30,000 tons of high specific energy, high safety, long life and low temperature. Cost of ternary cathode materials for lithium-ion batteries. Guoxuan's demand for key upstream raw materials can be described as urgent. The logic behind it is its huge power lithium battery production plan and the accompanying huge upstream raw material demand. According to the plan, Guoxuan Hi-Tech will achieve 28GWh in 2020, 80GWh in 2023, and 100GWh in 2025. In order to ensure the smooth landing of planned output, Guoxuan has already made many arrangements for the lock-in of raw materials and the maintenance of supply stability. According to incomplete statistics from Gaogong Lithium, Guoxuan Hi-Tech has successively invested in the recycling of upstream raw materials such as positive electrode, negative electrode, copper foil, diaphragm, electrolyte, and battery recycling, forming a relatively complete four-material and battery recycling ecosystem, and gradually established The vertical layout of the entire industry chain of 'material end-battery end-product end'. Not only Guoxuan, at the moment of the large-scale expansion of power lithium batteries, more and more power lithium battery companies and car companies are aware of the importance of raw material supply, and have locked in the supply of key upstream raw materials to maintain stable supply, which is regarded as scale expansion and A prerequisite for stable development. The logic is that, on the one hand, the rapid development of the new energy vehicle market drives the large-scale expansion of power lithium batteries. Raw materials are ushering in a larger annual demand increase. Whether the upstream supply chain can keep up with the battery expansion speed becomes the key. On the other hand, controlling the production and resources of upstream key raw materials not only guarantees the long-term stable supply of raw materials, but also means controlling the bargaining chips and the right to speak, which is conducive to suppressing the cyclical fluctuations of upstream resource prices.

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