Summary: In June 2015, Dynavolt noted the
plan to establish a subsidiary in Xiamen City, Fujian Province to develop anode
material business. The intention is to strengthen the technology capability in
the Li-ion battery field, complete the industry chain and enhance the market
competitiveness.
Source: Baidu
On 17 June, 2015, Guangdong Dynavolt Power
Technology Co., Ltd. (Dynavolt) announced that it had signed the Cooperation
Agreement Framework with Jiang Yuxiong. From this, Dynavolt planned to use the
self-owned fund of USD1.31 million (RMB8 million) to establish a subsidiary
namely Xiamen Gaorong New Energy Technology Co., Ltd. in Xiamen City, Fujian
Province, jointly with Jiang Yuxiong. The company will be involved in the
R&D, production and sale of both Li-ion battery anode materials and Li-ion
battery.
Dynavolt is a high-tech enterprise engaged
in the fields of alternative energy and energy saving technology and dedicated
to the R&D, production and sale of serial storage batteries.
Jiang Yuxiong is professional in the
R&D of electrode materials, especially the Li-ion anode materials. Now he
is listed in the Xiamen’s Two Hundred Plan (A plan for high-level talents).
Meanwhile, his innovation project namely the Next Generation High Storage Li-ion
Battery Material is supported by the Xiamen municipal government.
As for Dynavolt, the move to establish a
subsidiary is to develop the anode material business, so as to complete the
industry chain and strengthen the market competitiveness. In addition, the
cooperation with Jiang Yuxiong is beneficial to the company in improving the
R&D capability in Li-ion battery field, which will give technical support
to the company in developing Li-ion battery business. Since the project in the charge
of Jiang Yuxiong is the project supported by the local government, the
follow-up R&D is expected to gain financial support from the government,
which then will benefit Dynavolt.
Dynavolt’s continuous exploitation in the
Li-ion battery business is in line with its strategic development plan. This
will give impetus to the company during the transformation and upgrading and
the performance improvement.
For a long period, Dynavolt has been
supplying lead acid battery. However, trapped in the fierce competition, the
company has begun to suffer losses since 2013. According to the full-year
financial report, its loss in 2013 totalled USD2.73 million (RMB16.72 million).
Hence, Dynavolt has proactively carried out transformation and upgrading since
2014.
-
August 2014: Dynavolt signed the Strategic Cooperation Agreement
Framework with the Tongji Automotive Design Research Institute, to jointly
develop electric vehicle in the next 5 years
-
December 2014: Dynavolt announced to invest USD81.69 million (RMB500
million) in constructing a Li-ion battery production project in the Jindu
Industrial Zone (Zhao’an County, Zhangzhou City, Fujian Province), capacity
given at 100 million cylindrical Li-ion battery cells per annum
-
April 2015: Dynavolt set up a wholly-owned subsidiary namely
Shanghai Songyue Power Technology Co., Ltd. to carry out the R&D,
production, sale and service regarding the products related to the on-board
energy storage system, and the packing of vehicle use Li-ion battery units.
This marked a step to enter the alternative energy vehicle battery business
To date, Dynavolt has built up 3 main
businesses, including the Li-ion battery, the R&D, production and sale of
alternative energy vehicle and the microgrid.
Now the company has made progresses in the
expansion of Li-ion battery business. For instance, the newly developed Li-ion
starter battery (DLFP series) applied in the motorcycles have been largely
ordered by TR Distributing, the largest motorcycle article company in the US,
indicating the rise from trial application to scaled application.
About CCM:
CCM is the leading market intelligence
provider for China’s agriculture, chemicals, food & ingredients and life
science markets. Founded in 2001, CCM offers a range of data and content
solutions, from price and trade data to industry newsletters and customized
market research reports. Our clients include Monsanto, DuPont, Shell, Bayer,
and Syngenta. CCM is a brand of Kcomber Inc.
For more information about CCM, please
visit www.cnchemicals.com or get in
touch with us directly by emailing econtact@cnchemicals.com or calling +86-20-37616606.