Yunneng cube high-tech energy storage

How will Yunnan expand its capacity?

This capacity expansion will be implemented through its wholly-owned subsidiary Yunnan Yuneng New Energy Battery Material. Furthermore, the funding will primarily come from Yuneng itself. The phase 2 of the Yunnan base will comprise production lines for LiMnxFe1-xPO4, iron (III) phosphate, and hydrogen peroxide.

How much money will Hunan yuneng New Energy Invest?

On April 24, Hunan Yuneng New Energy announced that it plans to invest around RMB 8 billion in the development of the phase 2 of its Yunnan manufacturing base. This capacity expansion will be implemented through its wholly-owned subsidiary Yunnan Yuneng New Energy Battery Material. Furthermore, the funding will primarily come from Yuneng itself.

Why is yuneng a good place to live?

Yuneng will thus have a higher level of supply security for the key raw materials, and its material costs will also drop as well. Anning is a county-level city under the administration of Kunming, the capital of China’s Yunnan Province.

Is yuneng a ternary cathode company?

Yuneng’s main offerings are LFP and ternary cathode materials that used in Li-ion batteries, though much of the recent focus has been on the former. The company’s own annual report for 2022 stated that its market share for LFP rose from around 25% in 2021 to around 29% in 2022.

What is Hunan yuneng's production capacity in 2022?

As of the end of 2022, Hunan Yuneng’s annual production capacity and annual production volume for LFP had come to around 348,000 tons and 337,200 tons respectively. The utilization rate of its production capacity for LFP had also reached 96.82%. The planned annual production capacity for LFP at that amounted to around 140,000 tons.

Why is Yunnan launching Phase 2?

Yuneng stated that the phase 2 of the Yunnan base will help expand its product portfolio and create a complementary system of products that will be able to meet the diverse demands of its customers in the downstream of the industry chain. These developments, in turn, will reinforce the company’s competitive advantages.