Slowly but surely -
China sun is increasing capacity by four, receiving free money for that from the government, and working toward battery production rather than just anode material which will result in higher margins (although their current margins are already high).
Am looking forward to their new IR firm to begin to PR the company. Here are the backup data from the latest press release.
"One of the key projects selected is the industrialization of lithium iron phosphate (LIP) used as an anode material for Li batteries manufactured by Dalian Xinyang High-Tech Development Co., Ltd. ("DLX") a 100% owned subsidiary of China Sun Group. This project will benefit from the support of the Committee and the Dalian government through the award of subsidies which will
help insure a successful and timely ramp up of LIP production.
DLX forecasts that during the period from 2009 to 2012, it will have invested a total of $17.6 million (120 million RMB) in the R&D and industrialization of LIP. DLX invested $6.6 million (45 million RMB) in 2009 and expects to invest an additional $2.5 million (17 million RMB) during 2010.
By the end of 2012, DLX expects to achieve a manufacturing capacity of 2,000 tons. This requires investment "
"China Sun Group High-Tech Co., ("China Sun Group") produces anode
materials used in lithium ion batteries. Through its wholly-owned operating subsidiary, Dalian Xinyang High-Tech Development Co. Ltd ("DLX"), the Company primarily produces cobaltosic oxide and lithium cobalt oxide. According to the China Battery Industry Association, DLX has the second largest cobalt series production capacity in the People's Republic of China. Through its research
and development division, DLX owns a proprietary series of nanometer technologies that supply state-of-the-art components for advanced lithium ion batteries. Leveraging its state-of-the-art technology, high-quality product line and scalable production capacity, the Company plans to create a fully integrated supply chain from the primary manufacturing of cobalt ore to finished products, including lithium ion batteries."
