Seven months later, Huachuang Xincai was settled in Jiangxi again. On October 10, 2022, the signing ceremony of Huachuang New Material's 100000 t/a ultra-thin lithium battery copper foil project was held in Guangxin District, Shangrao, Jiangxi Province, with a total investment of 10 billion yuan. It is reported that in March 2022, Huachuang New Materials will build an annual output of 100000 tons of ultra-thin lithium copper foil project in Nanchang, Jiangxi Province. The total investment of the project is about 10 billion yuan, which is to be constructed in two phases, each of which is 50000 tons.

According to the data, Huachuang New Materials is an enterprise established by Huayou in October 2016, which is specialized in the research, development and manufacturing of lithium battery copper foil under Huayou Holding. The lithium battery copper foil produced is used in new energy power batteries, 3C digital and energy storage fields. At present, Huachuang New Materials has three major production bases in China, namely, Tongling in Anhui, Yulin in Guangxi, and Nanchang in Jiangxi. In addition, new production bases, such as Quzhou in Zhejiang and Ordos in Inner Mongolia, are under planning.

In July 2022, Huachuang New Material's 100000 t/a electrolytic copper foil project also signed a contract with Ordos, Inner Mongolia Autonomous Region, with a total investment of about 9 billion yuan, to build a 100000 t/a electrolytic copper foil production line and supporting facilities. After the project is completed and put into production, the annual sales volume is expected to reach more than 10 billion yuan and the tax revenue is expected to reach more than 400 million yuan. In September, Huachuang New Materials signed a project investment cooperation agreement with Sichuan Suining High tech Zone. It plans to build an annual output of 100000 tons of ultra-thin lithium copper foil project in Suining, with a total investment of about 9 billion yuan, which will be constructed in two phases. The project is completed and put into production, with an estimated annual output value of about 10 billion yuan and tax revenue of about 400 million yuan.

In the same month, the first 3-meter diameter cathode roll jointly developed and manufactured by Huachuang New Material and Xi'an Aerospace Power Machinery Co., Ltd. was also successfully off the line, and will be delivered to the production line of Phase II of the 100000 ton copper foil project of Guangxi Huacai New Material Copper Foil Co., Ltd. In terms of capacity, by the end of 2022, Huachuang New Materials will have the capacity to produce 50000 tons of lithium copper foil annually, including 4.5 μ m、6 μ M lithium copper foil, while 3.5 μ The copper foil of m is under research and development, and mass production has not been formed yet.

It is reported that Huachuang New Material has produced ultra-thin copper foil with a thickness of only 3.5 microns, the tensile strength of 6 microns copper foil has reached 590MPa, and the winding length of 4.5 microns copper foil has exceeded 40000 meters. It has entered the supply system of power battery head manufacturers such as Ningde Times, BYD, Guoxuan Hi Tech and Yiwei Lithium Energy. It is worth mentioning that recently, Huachuang New Materials completed a new round of financing, attracting the participation of companies controlled by five major domestic power battery manufacturers, including Ningde Times, Yiwei Lithium Energy, Guoxuan Hi Tech, Xinwangda, and Zhuhai Guanyu.

After this round of financing of Huachuang New Material, Yiwei Lithium Energy indirectly holds 2.5201%; Ningde Times indirectly holds 2.2051% shares; Guoxuan Gaoke indirectly holds 0.63% of shares; Xinwangda indirectly holds 0.63% shares; Zhuhai Guanyu indirectly holds 0.63% of shares, and Huayou Holding holds 69.5167% of shares of Huachuang Xincai. In addition, Huachuang Xincai also signed a Joint Venture Contract with Yiwei Lithium Energy on August 31, 2021, and the two parties intend to jointly invest in the establishment of a joint venture. The registered capital of the joint venture is planned to be 480 million yuan, of which Huachuang Xincai subscribed 336 million yuan, holding 70% of the shares; Yiwei Lithium Energy subscribed RMB 144 million and held 30% of its shares.Editor/Xing Wentao