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Will Hunan Ruixiang New Materials be launched in 2020?

No. Nantong Ruixiang New Materials Co., Ltd. is located at No. 11, Xinkai South Road, Economic and Technological Development Zone, Nantong City, Jiangsu Province. It is a national high-tech enterprise engaged in the research, development, production and sales of lithium-ion battery cathode materials. The company was established in November 2006 with a registered capital of 340 million yuan. It is now a holding company under Gansu Jinchuan Group. The company's current production capacity is 30,000 tons, and the production capacity is expected to reach 150,000 tons by the end of the 14th Five-Year Plan. The company has more than 40 invention patents and is a high-tech enterprise, engineering technology research center, and postdoctoral workstation. The company's main products include lithium nickel cobalt manganese oxide (ternary material) and lithium manganate. The products are used in power battery fields such as HEV/48V, PHEV and BEV, and are widely used in power tools, energy storage batteries, mobile phones, laptops, etc. It is also widely used in the battery-like field.

Hunan Ruixiang New Materials Co., Ltd. is located in Changsha National Economic and Technological Development Zone. It is a high-tech enterprise specializing in the research, development, production and sales of lithium-ion battery cathode materials. With a current registered capital of 145.5 million yuan, it is one of the first batch of more than 70 high-tech enterprises in Hunan Province that have been jointly assessed by four national ministries and commissions according to new standards. It is a participant in key projects of the National Science and Technology Support Plan and the national "863" plan project. Ruixiang relies on its international team of experts and Central South University's forward-looking advantages in the field of domestic new materials to forge ahead in the field of lithium-ion battery positive materials and form its own core advantages through quality management, technological innovation and other means. At present, the company's main products include lithium cobalt oxide, lithium manganate, nickel manganese cobalt lithium oxide (ternary material), and lithium iron phosphate. Through strategic cooperation with Fortune 500 companies such as Samsung, 3M, and Sanyo, the main performance indicators of the company's products are at the leading international level, and the products are exported to many countries and regions such as South Korea and Japan; the company also cooperates with Hunan Corun New Energy Co., Ltd. , Central South University, National Nanoscience Center and other units were approved by the National Development and Reform Commission to build a National Engineering Research Center for Advanced Energy Storage Materials. After nine years of precipitation and accumulation, the company has become the leader in domestic lithium-ion battery positive material manufacturing companies. Trademarks such as "Ruixiang" and "reshine" have become symbols and famous brands of high-quality lithium-ion battery cathode materials in the industry, and enjoy an excellent reputation in domestic and foreign markets. By practicing the management philosophy of "creating value and achieving self" and the strategic thinking of "quality innovation power", the company is expected to become one of the top three global lithium-ion battery cathode material manufacturing companies within the year.