Recently, Shanshan Technology's Meishan lithium battery anode material project with an annual output of 200,000 tons officially started. As Shanshan's first important strategic base for lithium battery anode material integration in the southwest, the start of the Meishan project signifies that Shanshan is accelerating its progress towards the goal of becoming a "leading anode material enterprise".

This investment in the anode material project will help strengthen the company's strategic layout in lithium-ion battery anode materials and help the company form a more complete industrial system. According to data, Shanshan Co., Ltd. is the only lithium battery material leader in China with a layout of positive electrodes, negative electrodes and electrolytes. In the first three quarters of 2021, Shanshan's lithium battery material business achieved an operating income of 7.23 billion yuan (the transfer of Shanshan Energy's equity was completed on August 31, 2021, and the cathode business was consolidated with operating income from January to August), a year-on-year increase of 57.91%; The net profit attributable to shareholders of listed companies was 844 million yuan, a year-on-year increase of 464.97%.

In addition to anode materials, Shanshan also owns lithium battery materials such as cathode materials and electrolytes. Among them, Shanshan’s cathode material business continued to strengthen supply chain management, with smooth transmission of raw material price increases, improved product profitability, and a net profit of 224 million yuan attributable to shareholders of listed companies; electrolyte business benefited from the rising price of lithium hexafluorophosphate and the company’s own Part of the production capacity of lithium hexafluorophosphate, the performance has increased significantly year-on-year, and the net profit attributable to shareholders of the listed company is 232 million yuan.

It is reported that Shanshan Co., Ltd. has also established Fujian Changqing New Energy Technology Co., Ltd. with Zijin Mining and Geely Group to ensure the supply of cathode material precursors. At the same time, Shanshan and BASF signed the Equity Acquisition Agreement, and reached an agreement on BASF's purchase of a 51% stake in Shanshan Energy. The two parties will conduct in-depth cooperation in lithium battery cathode material technology and product development, and global market development. Shanshan Co., Ltd. strategically introduced BASF, strengthened the overseas layout of cathode business, accelerated the integration of cathode business and seized the global market.

"At present, the domestic competition for cathode materials is fierce. If you want to stand out, you must firstly take the lead in technology and solve the problem of 'stuck neck' for many years; Cooperation will be realized." Zheng Yonggang, chairman of Shanshan Co., Ltd., said. Shanshan also has an electrolyte production capacity of 40,000 tons and a lithium hexafluorophosphate production capacity of 2,000 tons. It plans to build a new 2,000-ton lithium hexafluorophosphate production capacity to ensure the supply of electrolyte raw materials.

According to reports, Shanshan's high-nickel silicon-carbon electrolyte has entered the supply chain of international mainstream power tool companies; high-energy-density iron-lithium electrolyte and ternary medium-nickel high-voltage electrolyte have begun to be applied in batches in the field of electric passenger vehicles; 4.48V high voltage lithium cobalt oxide electrolyte completed the pilot test. In terms of additives, the company has newly developed a variety of additives to improve high temperature performance and inhibit gas production. Editor/He Yuting