After years of efforts, the company has built three major industrial directions: advanced materials, clean engineering and ultra-clean products, and intelligent manufacturing derived from materials, covering major core business areas such as electronic functional materials, new energy materials, photoelectric display materials, scientific and technological innovation and purification engineering. The company is equipped with a high-quality science and technology center to provide technical research and development for the research and development and production of new materials; We have established strategic cooperative relations with many first-class Japanese new materials enterprises, and constantly assisted the company to establish a high-standard production management and quality control system. Up to now, the company and seven wholly-owned subsidiaries have obtained the qualification of national high-tech enterprises. Xinlun Technology applied for more than 500 patents, led or participated in the formulation of 7 industry and national standards, and undertook more than 20 national and provincial-level scientific and technological projects.
The arrival of the 5G era has brought infinite development space for flexible display. According to relevant statistics, by 2020, the global shipment of flexible displays will reach 792 million units, which is more than 200 times more than the 3.2 million units in 20 13. Following the trend of the times, Xinlun Technology introduced the most advanced nano-scale precision coating wiring from Ye Ping, Japan and the experienced optical thin film precision coating team from Japan, giving full play to its advantages in optical film formation and coating, having the ability to provide supporting products for flexible displays, and truly realizing the import substitution of key materials for flexible displays in China.
In addition, thanks to the increase in market demand, the market share of flexible battery will continue to increase. For a long time, Xinlun Technology has been steadily and deeply deployed in the field of new materials. Funeng Technology, a downstream customer, has applied to science and technology innovation board to raise funds for the third phase of Zhenjiang Project. By then, Funeng Technology Zhenjiang will build a 24GWH flexible battery production line. At the end of 20 18, Funeng Technology signed a supply agreement with Daimler from 202/kloc-0 to 2027, with a total supply scale of 140GWh in seven years. With the release of the production capacity of Funeng Technology, Xinlun Technology will continue to benefit.
On the basis of maintaining good cooperation with existing power battery manufacturers, Xinlun Technology actively explores new customers, continuously improves the competitive strength and environmental adaptability of enterprises by actively participating in global resource allocation and division of labor, and gradually implements the internationalization strategy. Recently, Changzhou Aluminum-Plastic Film Factory and LG Chem formally signed an agreement on the supply of aluminum-plastic film products for power batteries, and LG Chem became the largest customer of thermal aluminum-plastic film in Changzhou Factory of the company, marking that the thermal aluminum-plastic film products of Changzhou Factory of the company began to enter the supply chain of international first-line flexible battery manufacturers.
Changzhou factory has passed the detailed inspection and analysis of professional teams of various departments of LG Chemistry for many times since it entered the commissioning operation from July 2065438 to July 2008. The hot and dry products of Changzhou factory have passed the test and verification of LG Chemical, and the batch supply of hot products has taken the lead. According to the understanding reached by both parties, the company's share of aluminum-plastic film products will increase year by year from 10% of LG's chemical procurement, with the goal of becoming one of LG's major suppliers within three years.
At present, LG Chem is the world's largest manufacturer of soft-package power batteries. In 20 19, the total demand for aluminum-plastic films for power, energy storage and 3C batteries has exceeded 30 million square meters, and the growth rate will be doubled every year in the next three years. It is estimated that the total demand will reach1500,000 square meters in 2022, of which more than 50% of the production capacity is planned in Chinese mainland. As a qualified supplier of LG, Xinlun Technology is of great significance to the internationalization strategy of Xinlun Technology. While consolidating the local market, the company will achieve rapid entry into overseas fields from a high starting point through a series of investments and cooperation, and achieve rapid business growth through horizontal expansion of the market.
It is worth noting that recently, Xinlun Technology signed a strategic agreement with Tonglian Capital Investment and Operation Co., Ltd., a state-owned platform wholly owned by Yinchuan SASAC. The two sides reached a strategic framework agreement on trade cooperation to achieve complementary advantages and mutual benefit. Tonglian Capital provides financial support and supply chain trade-related services for Xinlun Technology. This cooperation is not only a great opportunity for Xinlun Technology to accelerate its industrial development, but also marks a new starting point for Xinlun Technology to deepen its cooperation with Yinchuan Municipal Government, opening a new situation of cooperation and planning new goals, which is expected to usher in further deepening of cooperation.
Source: China Financial Watch Network