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Recently, Suzhou Science and Technology Bureau announced the list of Corporations to be stored in Suzhou Gazelle Plan in 2021. Suzhou Cheerchem Advanced Materials Co. Ltd. has been selected by virtue of its strong innovation ability, fast development speed, new professional field and great market potential.

Suzhou Cheerchem Advanced Materials Co. Ltd. is a high-tech enterprise that specialized in R&D, production and sales for Li-ion battery materials, organic optoelectronic materials and functional silicone materials. The company is located in Changshu city of Jiangsu province, a historical and cultural city which has rich cultural heritage and beautiful sceneries, with superior geographical location and convenient transportation. Changshu Advanced Material Industrial Park, where our company is located in, gathers a large number of international famous enterprises for new chemical material, with necessary ancillary utilities and advantages in terms of talent and resources. The company covers an area of 16,000m2, with 1,000m2 area for modern R&D, quality inspection laboratory and pilot workshop, and 3,700m2 area for producing plant. The company is equipped with advanced production facilities and analysis instruments, all of which has laid a solid foundation for company development on a basis of high standard. The company has obtained 7 patents and got the certifications of ISO 9001, ISO 14001 and ISO 45001. The company has been recognized as Jiangsu science and technology enterprises, Jiangsu high-tech enterprise, Jiangsu Automotive Lithium Battery Electrolyte Additive Engineering Technology Research Center and Jiangsu Graduate Workstation. The product VEC and Spherical Silicone Resin are rated as Jiangsu high-tech products. The green manufacturing process and application research of VEC is included in the "Jiangsu Industrial Foresight and Generic Key Technology Research Project". Suzhou Cheerchem Advanced Materials Co. Ltd. adheres to the core value of "Morality, Honesty, Dedication, Devotion, Lean and Innovation" with business philosophy of safety and environment-friendly first, and leading industry technology. To enhance value for customers, seek benefits for employees, make profits for shareholders, create benefits for society and mutual develop with employees, the company will constantly provide high-quality products and satisfied service to customers with market-oriented, innovative products and technology. The company aspires to become a long-lasting, internationalized, innovative, high-tech enterprise in new chemical material industry, accordingly enjoys customer`s satisfaction, employee`s pride and social respect.

Chinese lithium companies are investing big to expand their global footprint in a race to secure material supplies for the production of new energy vehicle batteries. Ganfeng Lithium Co, located in Jiangxi province, announced in June to acquire a 50 percent stake in SPV Co in the Netherlands, whose subsidiary Lithium du Mali SA owns a spodumene project, namely Goulamina, in Mali, Africa. The company also signed a memorandum of understanding in May with Jujuy province in Argentina on building a lithium battery factory. In the same month, a Ganfeng's subsidiary in Shanghai announced to buy the London-listed mining company Bacanora Lithium for no more than 190 million pounds ($254 million). Bacanora Lithium's major asset is a lithium clay project called Sonora in Mexico. It is among the world's largest lithium projects with an estimated reserve of 8.82 million metric tons of lithium carbonate equivalents. In March, Ganfeng Lithium and its subsidiary in Qinghai province announced the acquisition of Ili Hongda, an investment and consulting company located in the Xinjiang Uygur autonomous region that partly owns a stake in a lithium project in Qaidam Basin. Ganfeng is not the only lithium company actively expanding their global footprint. Companies including Eve Energy Co Ltd, Gotion High-Tech and Anshan Heavy Duty Mining Machinery Co Ltd were also reported to have acquired lithium mining projects inside and outside the country. Aside from acquiring lithium mining projects, the companies are also ramping up imports of the metal. A report by S&P Global Platts, a market information provider on energy, showed that China's lithium imports remained elevated amid tight domestic supplies, and the trend is expected to continue in the coming months to fill the gaps in supply caused by the surging NEVs market. Lithium carbonate imports jumped 193.5 percent month-on-month to 10,476 tons in October, according to Customs data. Lin Boqiang, head of the China Institute for Studies in Energy Policy at Xiamen University, said the investment frenzy in the lithium mining sector was due to the expansion of production lines of lithium-ion batteries for the booming NEV market driven by China's decarbonization goals, as well as surging prices of raw materials. Chinese battery makers are stepping up efforts to boost output. Battery giant Contemporary Amperex Technology Co Ltd (CATL) announced in November it will invest no more than 8 billion yuan ($1.25 billion) and 7 billion yuan in battery manufacturing projects in Fujian and Guizhou provinces, respectively. A report from a news website Jiemian said that CATL has been expanding battery production since December in eight manufacturing plants for batteries across the world. Another battery giant, Guangdong province-based Eve Energy Co Ltd announced that its subsidiary in Hubei province had planned to invest 6.2 billion yuan in battery manufacturing projects in Jingmen, Hubei province, in November. This follows an earlier round of investment of 2.45 billion yuan in multiple lithium battery projects in the same city in July. Data from the China Automotive Battery Innovation Alliance showed that production of batteries that power NEVs has reached an accumulated 159.8 gigawatt-hours in the first 10 months, up 250 percent year-on-year. The total number of batteries installed in NEVs amounted to 107.5 GWh, up 168.1 percent year-on-year. Data from the China Association of Automobile Manufacturers showed that NEV production this year is on the brink of breaking last year's record, with output in the first 10 months reaching 2.57 million units, up 133.2 percent year-on-year. "Lithium companies' investment frenzy was also spurred by surging prices of raw materials, which was a result of the overall price increase of commodities, and also a result of tight supplies and growing demand from downstream battery and NEV makers," Lin said. The S&P Global Platts report showed that prices of lithium carbonate have risen 238.3 percent since the beginning of this year to Nov 19, and hydroxide prices jumped 252.8 percent in the same period.

For the second time in a week, Stellantis has announced plans to produce electric vehicle batteries for its North American assembly plants in a joint venture with a South Korean company. This time, the company is Samsung SDI, according to a news release early Friday. That followed a similar announcement Monday with LG Energy Solution. The automaker, which counts Jeep, Ram, Chrysler and Dodge among its brands, said it's reviewing the location of the future lithium-ion battery plant, just as it did with its LG announcement. Production is targeted for 2025; the LG plant is supposed to start production in 2024. The two announcements in such a short period highlight the rapid push in the auto industry toward electrification. Stellantis announced in July plans for $35 billion (30 billion euros) in electrification and related software investments through 2025 with more than 40% of sales in the United States and 70% of sales in Europe to be low-emission vehicles by 2030. The company has said it will build an electric Dodge muscle car and Ram 1500 pickup in 2024.

Business News January 9th 1. Price trend According to data from the business agency's bulk list, the domestic market price of silicone DMC remained stable this week, with an average price of 16,960 yuan/ton, a year-on-year decrease of 2.02%. 2. Market analysis Products: The overall operating rate of the silicone DMC industry is about 80%, and the manufacturers have smooth delivery. Inner Mongolia Hengyecheng organosilicon monomer plant started up normally, with an annual production capacity of 250,000 tons, and normal delivery. The price is around 16,900 yuan/ton. Industry chain: The downstream market demand for silicone rubber and silicone oil is normal, and the silicone monomer manufacturers sell their goods smoothly. Industry: Towards the end of the year, the overall performance of the organic silicon market was weakly consolidating, the market price began to loosen, and the actual market transaction price was around 16,900 yuan/ton. Three, market outlook forecast Wang Tengjiao, an analyst at the Chemical Industry Branch of the Business Society, predicts that the price of silicone DMC will be adjusted horizontally in the near future. Related listed companies: Dongyue Group (00189.HK), Xin'an Stock (600596.SH), Hongda New Materials (002211.SZ). The contact information of the silicone DMC analyst of the Business Club, Tel: 0531-82318076, QQ: 1784680408. (Source: Business Club, Author: Wang Tengjiao)

Business News, January 13 On January 12, the silicone DMC commodity index was 86.75, a decrease of 0.67 points from yesterday, a decrease of 13.25% from the highest point in the cycle of 100.00 points (2011-09-15), and an increase from the lowest point of 82.47 points on October 10, 2012 That`s 5.19%. (Note: Period refers to 2011-09-01 to present)

Business News, January 12 On January 12, the DMC commodity price index of silicon metal and silicone was 105.15, an increase of 0.8 points from yesterday, a record high in the cycle, and an increase of 32.41% from the lowest point of 79.41 points on November 04, 2012. (Note: Period refers to 2012-01-01 to present)