Zhongke Dongnuo Solar Support

Does Zhongke electric have a battery supply chain?

Looking at Chinese companies that are involved in the battery supply chain, Zhongke Electric has inked a series of agreements with battery and material suppliers to form joint ventures that will produce and sell anode materials.

What is Zhongke doing in China?

To step up the pace of vertical integration, Zhongke also bought a stake in Ya’an New Materials in 2019. Zhongke has also sought partnership with other Chinese battery suppliers in recent years. It has launched integrated anode manufacturing projects with CATL (100,000 tons per year in Guizhou) and EVE (100,000 tons per year in Yunnan).

Who makes Zhongke anode materials?

Established in 2004, Zhongke is producing and selling anode materials through its subsidiary Shinzoom. Its anode materials are mainly purposed for Li-ion batteries equipped in electric cars, consumer electronics, and energy storage systems. Zhongke acquired Shinzoom in 2017 in order to establish a foothold in the anode material market.

Who is Zhongke supplying products to SK on?

As for foreign clients, Zhongke is supplying products to SK On and is seeking cooperation with Samsung SDI, LG New Energy Solution, and Panasonic. Zhongke’s revenue from Li-ion battery anodes reached RMB 1.875 billion for the first half of this year, showing a huge year-on-year growth rate of 167.77%.

Who owns Zhongke & shinzoom?

On September 2, Zhongke announced that its wholly-owned subsidiary Shinzoom has signed an agreement with FinDreams Battery to form a joint venture that will set up 100,000 tons per year of production capacity for Li-ion battery anode materials. FinDreams is a wholly-owned subsidiary of BYD.

What is Zhongke & findreams joint venture?

According to Zhongke’s announcement about the joint venture with FinDreams, the registered capital of the new entity is set at RMB 1 billion. Shinzoom and FinDreams will contribute RMB 650 and RMB 350 respectively.