TIANNENG POWER: Announces New Energy Motive Battery Technologies and
the Commencement of the Automated Lithium Battery Production Line
(19 October 2014, Hong Kong) – Tianneng Power International Limited (“Tianneng
Power” or the “Company”), one of the leading electric vehicle motive battery
suppliers in China, together with its subsidiaries, (the “Group”) (stock code:
819.HK), has hosted the China New Energy Electric Vehicle Industry Summit at
Changxing County, Zhejiang Province, known as the “motive battery capital” of
China, on 17 October 2014. Tianneng Power has also introduced new technologies
for new energy motive batteries at a press conference, and held ceremonies for
the commencement of the automatic lithium battery production line and the
signing of a cooperative agreement.
The Group has collaborated with the Society of Automotive Engineers of China,
China Industry News, the China Bicycle Association, the China Battery Industry
Association and the China New Battery Technology and Innovation Alliance to
organize the Summit. The Summit has attracted more than 800 guests including
government officials, industry experts, representatives of electric vehicle
enterprises and financial institutions, and media. The participants have
conducted in-depth discussions on the current development and future trends of
the new energy electric vehicle industry in China.
The Fourth China New Energy Electric Vehicle Industry Summit
Themed “New State, New Driver, New Cooperation and New Responsibility”, the
specific issues highlighted at the summit included how to accommodate the new
direction of the economy, exploring new growth drivers, strengthening
cooperation within the industry and the fulfillment of new responsibility by
enterprises. The new energy car and electric bike enterprises have also
discussed topics including how electric cars in China can capture
opportunities to achieve further development and how electrical bikes can
overcome the bottleneck and stand out among the competition. The management of
new energy car enterprises including Chery, Kandi, Shifeng, Tangjun, Northern
EK Chor, Yintai Auto, Baoya, Fulu Motor, Rainchst Auto, Daojue, Saichi and
Levdeo have conducted detailed exchanges covering the areas of policies,
technologies and partnership.
Mr. Zhou Heliang, Former Director of the Electric and Industry Bureau, the
National Machinery and Industry Ministry and the Executive Committee Member
of the Electric Vehicle Association of Asia Pacific, said at the Summit,
“Low-speed electric cars are suitable for short-distance driving within
small-to-mid-sized cities surrounding the major cities and
second-to-third-tier cities due to their environmentally-friendly and safe
features and are affordable for most people. The accelerating urbanization is
driving the development of low-speed new energy cars. However, market momentum
and government support are also important in promoting the growth of the
industry. We also need to implement dual development of high-functionality
motive batteries and lead-acid batteries for new energy cars. Pollution
generated from lead-acid batteries is preventable and controllable. With a
strict lead-acid battery recycling system in place they will not pollute the
environment. Tianneng Power has achieved a used lead recycling rate of more
than 98%, setting a good example to lead the industry.”
Mr. Yang Yusheng, Academician at the Chinese Academy of Engineering, said at
the Summit, “The mini electric car is a new energy car targeting the mass
consumer market. It boasts the advantages of low battery power consumption and
thus can save energy and money. However, the technology of the new lead motive
batteries needs to be constantly improved. The current technology of the lead
battery is mature and safe, offering strong competitive advantages. The
lead-carbon motive batteries developed by Tianneng Power are a valuable boost
to the development of the electric vehicle industry.”
Press conference on new technologies for new energy motive batteries
Tianneng Power has also unveiled newly developed motive battery technologies
for
electric cars. The Group has developed three new technologies on motive
batteries
for new energy cars, highlighted by (1) a lead-carbon super battery with high
magnification which can enhance the capacity and durability of batteries; (2)
a fire and explosion resistant Graphene manganese-base lithium battery] which
can enhance the [gram volume and energy density; (3) the capability to conduct
smart examination and testing on the fixed timing and positioning of long life
cloud batteries for electric vehicles by using “Internet of Things”
technology. These advances were made possible by riding on the Group’s 28
years of experience in motive battery production and R&D, and its technology
platforms including the national-level corporate technology centre, the
academician expert workstation, the postdoctoral scientific research
workstation and the provincial-level corporate research institute.
The Group has also announced that it has secured three national invention
patents for lithium battery technology this year: (1) the preparation of nano
FePO4 with controllable grain size; (2) the preparation of nano LiFePO4 by
using hydrothermal-assisted microemulsion procedures; (3) the preparation of
electrode material for lithium, nickel, cobalt, manganese, vanadium and
oxygen. These new technologies and new patents can significantly improve
motive battery functions and thus the Group will extensively introduce the
technologies as procedures mature. So far, the Group has applied for more than
1,200 patents and has obtained more than 760 authorised patents, including 43
invention patents and 13 patents for national key new products.
Signing ceremony for cooperative agreement
Tianneng Power has entered into a cooperative agreement with the Zhejiang
Provincial Department of Public Security, Zhejiang Unicomand Ningbo Engville
regarding a long-life cloud battery project. The Group will also collaborate
with Nanjing University to build a joint laboratory for developing key
materials for lithium batteries. Besides, Tianneng Power has signed a
cooperative agreement with QUANTA Laboratories in Silicon Valley in the United
States for the testing and improvement of design of new energy motive
batteries. It is also working with Zhejiang University of Technology to
commence a project under the national science and technology support program.
All these partnerships will help to drive innovation and development of
Tianneng Power’s new energy battery business.
Automated lithium battery production line commences operation
The new motive lithium battery production line of Tianneng Power’s
wholly-owned subsidiary Zhejiang Tianneng Energy Technology Co., Ltd. in
Changxing, Zhejiang commanding a capital expenditure of RMB100 million has
commenced operation on 16 October 2014. The entire production process is fully
automated and advanced production techniques and quality control system have
also been introduced to shorten the production cycle, boost efficiency and
stabilize quality with the aim to achieve an industry-leading standard. After
full operation of the new lithium battery production line, the Group’s annual
production capacity of lithium batteries may increase five-fold to reach
1.25GWH. Products are mainly supplied to new energy car and electric bike
manufacturers.
Mr. Zheng Tianren, Chairman of Tianneng Power, said, “The emerging of the mini
electric car industry has driven the growth of related enterprises along the
industry chain, particularly the battery industry, the largest beneficiary
with a market of hundreds of millions of units. The rare earth silicon gel
batteries and super lead-carbon batteries developed by Tianneng Power, occupy
half of the mini electric car battery market share. Owing to the outstanding
performance of Tianneng Power’s batteries, the Group was the only enterprise
in the battery industry to be honored with the awards of ‘Outstanding
Contribution to Promote Development of Electric Vehicle Industry’ and the
‘2014 Excellence Award for Electric Vehicle Technology’ by the China National
Light Industry Council. Moving forward, Tianneng Power will continue to
enhance innovation capability, promote development of the mini electric car
industry and contribute to healthy and sustainable development of the new
energy electric car and battery sectors.”
AI
