Liquidmetal Technologies Inc (LQMT)

[joshuaeyu]

For Battery, this is the 4-way JV which includes CATL.

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3. Impact on the company

The density of magnesium alloy is 33% lighter than aluminum alloy and 77% lighter than steel. It is the lightest material among industrial metal structural materials; magnesium alloy has good damping and vibration reduction performance, which can greatly reduce vibration noise and absorb impact energy ;
Magnesium alloy also has good heat dissipation, anti-electromagnetic interference, excellent casting performance and processing performance, good recycling and recycling properties, and has a wide range of application prospects in the automotive, aerospace, and electronic communication fields, and has a good market prospect. The production of magnesium alloy materials needs to be applied to the final product from raw material smelting, melting, casting, molding, and sales. There are many industrial links involved. High-end products and parts require multiple links from the material melting and matching end to the application end. Joint development of the chain.

Eontec is a national high-tech enterprise specializing in the research and development, design, production and sales of new materials, and a leading domestic new material company. LiquidMetal, Biodegradable medical magnesium alloy, and new energy vehicle products are the company's three key business sectors. Eontec has long been committed to the research and development of new lightweight materials for new energy vehicles. It has outstanding capabilities in technology, production capacity and on-site management of lightweight new materials for new energy vehicles. It has a leading position in mold R&D and design, new material technology, surface treatment and other fields. With leading R&D strength and rich experience in the field of magnesium alloy die casting, it has strong lean production capabilities and complete industrial chain advantages. The application of rare earth magnesium alloys, ultra-thin magnesium alloys and amorphous materials, precision die-casting molding technology, and precision CNC processing technology in the light weight of automobiles ensure the stability and precision of new energy automotive products, which can meet the needs of different customers product features and price requirements.

CATL is the world's leading supplier of power battery systems, focusing on the research and development, production and sales of power battery systems and energy storage systems for new energy vehicles, and has a large market influence in new energy vehicles and their applications.

Sanxiang New Materials has a wealth of experience in the production of magnesium alloy materials and related core technologies. Shouning County, Ningde City, where it is located, has abundant hydropower resources, low power costs, and abundant reserves of magnesium ore.

Wanshun Group has won the top 500 national private enterprises selected by the All-China Federation of Industry and Commerce three times, and once won the national top 500 private manufacturing enterprises selected by the All-China Federation of Industry and Commerce. .

This cooperation is conducive to giving full play to their respective advantages and strengths, combining strong forces, making use of Ningde’s abundant new energy vehicle-related industrial resources and good supporting environment, creating a first-class magnesium alloy manufacturing enterprise, and developing and perfecting new energy vehicle-related industries chain, expand the company’s new energy vehicle market layout, continue to launch high-precision products of new energy vehicle parts that meet customer needs, further increase the company’s new energy vehicle product market share, enhance the company’s comprehensive competitiveness, and conform to the company’s development strategy and all shareholders interest.