▲Information Picture: The workers work in the electric core automation workshop of Ningde Times New Energy Technology Co., Ltd. in Fujian.
Japanese media said that Japan's Hanhe Industrial Co., Ltd. announced on September 28 that it will invest in a joint venture that produces lithium and cobalt raw materials for lithium batteries. The company will contribute about 2 billion yen to get 8% of the shares. The new company is mainly from the world. The largest car battery manufacturer, Ningde Times New Energy Technology (CATL) and other Chinese companies have invested. China's pure electric vehicles (EV) demand continues to grow, lithium battery production is very strong. Hanhe Industrial Co., Ltd. strives to build a foot in large battery raw material manufacturers Point, thus expanding sales.
According to a recent report by the Nihon Keizai Shimbun website, in addition to the Ningde era, Qingshan Group, which mines nickel ore, and GEM, which produces battery materials, also invested in the new company. The new company will be located in the nickel mine and the Aoyama Group. The plant in Sulawesi, Indonesia, will be put into operation in 2019, producing about 50,000 tons of nickel and about 4,000 tons of cobalt per year. Hanhe Industrial will be responsible for purchasing ore raw materials, and will also sell some products to battery material manufacturers.
