Beiterui and Huizhou EVE Energy have partnered to establish a joint venture for producing 100,000 tons of lithium battery anode materials per year by mid-2024, enhancing their competitiveness in the growing lithium battery market.

Information on the Target

Beiterui New Materials Group Co., Ltd. (证券代码：835185) is a leading global manufacturer focused on the research and production of new energy materials. The company specializes in lithium-ion battery anode materials, cathode materials, and graphene materials, boasting over 380 authorized patents. As one of the first Chinese companies to mass-produce silicon-based anode materials, Beiterui has consistently led the global market in anode material shipments for nine consecutive years since 2013.

The company has recently partnered with Huizhou EVE Energy Co., Ltd. to establish an integrated production facility for lithium battery anode materials, aiming to achieve an annual output of 100,000 tons by June 30, 2024. This expansion is crucial for Beiterui to meet the increasing demand for anode materials and strengthen its competitive position in the market.

Industry Overview in China's Lithium Battery Sector

The lithium battery industry in China has experienced remarkable growth, driven by rising demand for electric vehicles (EVs), renewable energy stora