The global auto industry is undergoing unprecedented and profound changes. By virtue of its advantage in carbon emission and cost effectiveness, new-energy vehicles (NEV) are the development direction of the auto industry. In China, developing NEV industry has become a national strategy.
According to the New Energy Vehicle (NEV) Industry Development Plan (2021-2035) issued by the Ministry of Industry and Information Technology in December 2019, sales proportion of new energy vehicles in China would be 25% or so by 2025. Great achievement would be made in batteries and other key technologies.
Green EV Batteries
Sinochem International is dedicated to providing green clean power to the NEV industry. By using our advantage of operations concerning upstream lithium related products as well as extensive experience in the producing and processing chemical materials, we are vigorously obtaining a strategic presence on the new energy industry chain. This allows us to forge ahead in the production of upstream lithium battery anode materials, midstream lithium batteries and downstream battery recycling, charging and energy storage. Our goal is to be the leading comprehensive solution provider for NEV industry globally, contributing to a cleaner and more beautiful world with low carbon emissions.
Ternary Lithium Batteries and Lithium Battery Materials
Sinochem International entered the new energy industry in 2018. Starting with lithium battery anode materials, we have planned and constructed a lithium battery industrial park covering an area of 1,000 mu (around 165 acres) in Zhongwei, Ningxia to produce globally advanced nickel ternary anode materials. As of late 2019, this production base had been able to supply clients with lithium battery anode materials in large batches. This base is expanding its capacity.
Production base of lithium battery anode materials in Zhongwei
In 2018, Sinochem International acquired Jun Sheng New Energy and built a lithium battery production base in Huai’an, Jiangsu. It quickly started lithium battery R&D and production. The phase I plant was completed in 2019 and has obtained the certificate of compliance with IATF 16949. It has produced qualified products and is now ready for mass production. The energy density of our ternary soft-package batteries is up to 275 Wh/kg and leads the industry.
Lithium battery production base of Sinochem International in Huai'an, Jiangsu
Lithium Battery Recycling and Cascade Utilization
Reasonable utilization of decommissioned EV batteries lifts energy utilization rate, raises comprehensive utilization level and economic benefit of EV batteries and disposes non-recyclable residues in an environmentally-conscious way. Considering pressure from the disposal of decommissioned EV batteries on the domestic environment in the future, Sinochem International is also planning and advancing the downstream battery recycling project.
Currently, China lacks enterprises capable of recycling decommissioned lithium batteries. The domestic way of disposing such batteries is burning them together with other solid waste. Unfortunately, this method could seriously pollute the environment. In contrast, Sinochem International uses our own technological advantage and industrial chain advantage to develop the business of effectively recycling decommissioned EV batteries to minimize damage to the environment.
In July 2019, Sinochem Hebei Lithium Battery Technology Co., Ltd. is set up for efficient recycling of decommissioned lithium-ion batteries. The subsidiary cooperates with auto manufacturers, battery production, and recycling and cascade utilization enterprises to dismantle decommissioned batteries and recycle usable materials. During this process, valuable metals are used as battery materials to recycle the batteries. By actively working with leading domestic scientific research institutions in R&D, our unique regeneration refining method has been in the pilot stage in 2019, and it is estimated to reach an annual disposal capacity of 3,000 tons in 2020. Also, we are taking the initiative to respond to national and provincial policies for the recycling industry, and carry out the pilot project application in more provinces.
More Sustainable Transportation
Lithium battery electric vehicle charging is the mainstream application of new energy vehicles, which can't survive without auxiliary charging facilities. Sinochem International co-works with our partners to launch new energy products and services that are more in line with the environmental and technological standards of the new era. These contributions are to conserve energy and reduce emissions in China and the world at large.
Recently, Sinochem International has been cooperating with BMW on post-decommissioning resets and sorting as well as cascade utilization of batteries of the BMW i3, carrying out cascade utilization of BMW cars and extending service life of EV batteries. Along the same lines, we have improved the land utilization rate of existing gas stations to meet the multi-object comprehensive energy supply demand in the future. In October 2019, the joint storage and charging project, designed and constructed by Sinochem International and BMW, was completed in Huangdao District, Qingdao City, which is the first of its kind in China. This station offers gasoline, natural gas and energy storage services. For the energy storage and charging function, energy storage systems derived from EV batteries of the BMW i3 have been adopted to store electricity during non-peak hours at night and supply power to station facilities and charging piles during the day. This project marks a great breakthrough for Sinochem energy storage business, showing its capacity to provide clients with comprehensive high-value EV battery solutions.
Official opening of the Sinochem International-BMW Energy Station
Ceremony for the first charging at the Sinochem International-BMW Energy Station
Sinochem International is joining hands with upstream and downstream partners, working mutually to launch more sustainable transportation products and services together and to assist in the global call to conserve energy and reduce emissions.