Shanshangufen (600,884, stock bar) on February 10 announcement said the company with Toda Kogyo Co., Ltd., Itochu Corporation, the lithium battery cathode materials related to the signing of a Memorandum of Understanding For further drive the company's lithium battery materials industry development.

February 10, Shanshangufen Deputy General Manager Qian Cheng specifically mentioned to this reporter: "Firs has already established a lithium battery company in the future, a key development goal, Li-ion IBM FRU 92P1121 Battery business is a very promising industry. At present, the Shanshangufen has been dedicated to the production and sales of lithium batteries, lithium batteries in the future will expand production capacity and product variety. "
Shanshangufen said the cooperation is to enhance the company's industry's core competitiveness and build China's leading lithium-ion battery cathode material supplier. Three parties signed a "cooperation on capital and business co-operation memorandum" will strive for the March 2010 signing of a formal joint venture agreement in April to obtain approval of permits, a formal operation in May.

Environmental impact of tripartite cooperation lithium battery Model

According to the survey data show that lithium-ion batteries can be used, including mobile phones, notebook computers, and environmental protection Model (hybrid electric vehicles, electric vehicles, buses, etc.) has been widely popular aspect, so the wide range of market expansion is worth the wait. And, accompanied by expansion of solar power generation equipment, etc., in the field of large-scale battery lithium-ion batteries and other new demands for flexibility is also very worth the wait. Cathode materials, the global market is expected from the current 3 to 4 million tons and in 2015 expanded to the extent of 8 to 10 times, the same can be foreseen in China, also a huge growth. And China is not only a huge market, and look at China as a production base for global markets, and its importance is increasing.

Deputy General Manager Qian Cheng Li-ion battery is very optimistic about market prospects in China: "At present, the lithium battery market, the largest in Asia, while Asia's most potential market in China."

The tripartite cooperation will be owned subsidiary of Hunan Shanshan Shanshangufen New Material Co., Ltd. as a platform, and has a lithium battery cathode material for high-end technology, Toda has a global marketing network of industry and the Itochu carried out in lithium battery cathode Materials business and capital levels of cooperation, through a tripartite effective integration of resources and operational docking, expanding ternary system, Manganese cathode material such as product variety, and through this partnership, in the current capacity of 4,000 tons of Hunan Shanshan, based on the Program to further enrich the product range, enhanced productive capacity.

According to a memorandum signed by the three partners, the Japanese side through two special purpose companies (SPC) and its designated companies in Hunan Shanshan capital increase subscribed to the establishment of joint venture. SPC's capital contribution according to the net asset value of Hunan Shanshan, based on the final set in the contract. Under the agreement, Shanshangufen financed proportion of the total funded joint venture 75%, SPC proportion of the joint venture invested 25% of the total amount invested. In Hunan Shanshan conducted after the capital increase, SPC may request that their joint venture, the proportion of the total funding raised to 50%.

Statistics show that Toda Dell LATITUDE D410 Battery in the Tokyo Stock Exchange, the business range of functional pigments, electronic materials, engineering. At present, Toda cathode material about 6% of world market share.

It is understood that Toda industry from the cathode material for people's livelihood and the starting current to the automotive, large-scale battery uses expanded product range, including cobalt, nickel, manganese system, but also an increase of iron. And its production sites, not only in Japan, in Canada launched a nickel cathode materials of raw materials - the former body of the production, scheduled to begin in 2011 m nickel produced in the country on a global scale expansion of its manufacturing sites. This will be the growing market in China has a huge career as a guideline to promote globalization strategy.

In addition, cooperating Itochu Corporation in the medium term business plan "Frontiere 2010" in the working environment? New energy-related areas of business will be positioned as one of the key areas of the field batteries to coordinate strongly with the entire company. So far, the U.S. manufacturer of lithium-ion battery subsidiary of Ener1's EnerDel companies had invested on the Tsukuba city, low-carbon transport the common empirical social systems involved in the project planning, the future will be to ensure that natural resources to accelerate the building, including batteries materials, batteries manufacturing, business intelligence value chain, as its grid approach.

The new energy vehicles, or war will lead to lithium

The industrialization of electric vehicles seems to be the next one the world's mainstream. In this context, Volkswagen, Toyota and other major international Automotive Group have to take the initiative lithium battery field, with the upstream and downstream enterprises to work more closely related to the joint venture and cooperation.

According to Motorlink car reported that by 2014, the global automobile market size lithium batteries will rise to 248 billion U.S. dollars, an increase of 215 times in 2008. Predicted that 70% of the lithium-ion batteries used in mobile phones and notebook computers, along with the popularity of hybrids and electric vehicles, the world's new energy auto market is expected to expand rapidly, countries are beginning to participate in this new energy future, bearing their Auto develop "lithium war" at home.

Recently, China and the United States issued the "Joint Statement", said the two sides will launch in the U.S. electric car initiative, the two countries in the next few years, several 1 million electric cars in use. Last year, in March, China issued the "automobile industry restructuring and revitalization of planning" in the development of new energy vehicles have also developed a broad target - the next three years, China will form a 500,000 electric plug-in hybrid and common type of hybrid Energy Qijuchanneng. To this end, domestic Shanshangufen, CITIC Guoan (000,839, stock bar), CITIC Baoan, Jiangsu Guotai (002,091, stock bar), Tianjin power of God, universal, Ankai (000868, stock bar), Foton Motor Vehicles (600,166 , stocks, bar), etc. have already started a new round of research and development.

Statistics show that South Korea, China, Japan and Li-ion battery production in the three countries in the world market share of up to 96%, the competition is very fierce among the three countries. Experts believe that, despite the production of lithium batteries in China ranks third in the world, but in products, and technical level with Japan, the United States there is a certain gap, automotive lithium batteries are not yet the industrialization of the essay. At present, China's lithium battery development is still no real sense of the development plan, involving research and development, technology and materials, basically every business or independently, did not form together, coupled with our car battery power is still not achieved mass production, there is no large-scale application in electric vehicles, power battery facing the development of short-term difficulties.

Some professionals believe that lithium is becoming the most important for following the oil resources of power, while the use of new energy lithium battery-powered vehicles will become the future direction of development of the automotive industry. In 2009, China has more than 13.5 million Qijuchanneng, China has become the center of the global automotive industry, and therefore the future of China's automobile market will also become the world's new energy vehicle development, has a main SONY VAIO PCG-Z505 Battery, lithium power war is inevitable.