Who is Hunan yuneng new energy battery material?

Hunan Yuneng New Energy Battery Material Co.,Ltd. engages in the research, development, production, and sale of cathode materials for lithium-ion batteries in China. Its products include single crystal ternary materials, polycrystalline ternary materials, energy storage lithium iron phosphate, and high energy lithium iron phosphate products.

How much money will Hunan yuneng New Energy Invest?

On April 24, Hunan Yuneng New Energy announced that it plans to invest around RMB 8 billion in the development of the phase 2 of its Yunnan manufacturing base. This capacity expansion will be implemented through its wholly-owned subsidiary Yunnan Yuneng New Energy Battery Material. Furthermore, the funding will primarily come from Yuneng itself.

Who is Hunan yuneng?

(Yicai Global) March 16 -- Hunan Yuneng New Energy Battery Material, a Chinese supplier of the cathode materials used in lithium iron phosphate batteries, is linking arms with battery giant Contemporary Amperex Technology, which is also one of its shareholders, to develop and produce the next generation of electric car batteries.

Will yuneng new energy make a lithium iron phosphate battery for CATL?

Yuneng New Energy plans to customize, design and manufacture a new type of lithium iron phosphate battery for CATL over the next four years according to the technological requirements provided by the battery manufacturer, it said yesterday.

Is yuneng a ternary cathode company?

Yuneng’s main offerings are LFP and ternary cathode materials that used in Li-ion batteries, though much of the recent focus has been on the former. The company’s own annual report for 2022 stated that its market share for LFP rose from around 25% in 2021 to around 29% in 2022.

Why is yuneng a good place to live?

Yuneng will thus have a higher level of supply security for the key raw materials, and its material costs will also drop as well. Anning is a county-level city under the administration of Kunming, the capital of China’s Yunnan Province.