On June 10th, one month after the completion of the seven test production lines of our company's lithium-ion battery electrolyte project, each system was running smoothly, marking the successful commissioning of the project, and our company made another step towards the new energy material industry. A major step.
The annual investment of 10,000 tons of lithium-ion battery electrolyte project is 163 million yuan. The construction started in October 2016. Under the unified deployment and careful organization of our company's leadership team, with the effective cooperation and support of various functional departments, after more than half a year of intensive construction and construction, we put into operation on April 25 and produced the first batch of electrolyte. After testing by a third party agency, moisture, color, conductivity, and density are qualified in the product, and some of the indicators are better than national standards. On May 10th, the other 6 electrolyte production lines also started smoothly, and the whole process was completed. At present, our company has begun small-scale production and developed the market. Electrolyte products have been sent to more than 10 domestic downstream customers and are undergoing verification and testing.
It is reported that lithium-ion batteries have significant characteristics such as high voltage, high capacity, low consumption, no memory effect, no pollution, small size, low discharge, and high number of cycles. At present, the application field is wide. With the promotion and upgrade of smart phones, tablet computers, wearable electronics and electric vehicles, the development prospects of lithium-ion batteries are very broad. Electrolyte, as the "blood" of lithium-ion batteries, is also its key core material and has a very high technical content. Our company closely follows the national new energy vehicle industry development strategy, aims at high-end new energy to continuously extend the industrial chain, accelerate the pace of transformation and upgrading, and strive to build China's important new energy materials and fine chemical industry highlands.