● Professional development of graphene materials
● Its technology improves the range, stability, charging speed and lifespan of batteries, promoting the development of the electric vehicle industry
● The investment will strengthen Evonik’s battery solutions growth strategy
Evonik announced that it has invested in Hefei Haizhou Advanced Materials Technology Co., Ltd. (“Haizhou Advanced Materials”), a Chinese battery materials company, through its venture capital arm. The company is a leader in graphene material technology, which can improve the range, stability, charging speed and service life of lithium-ion batteries, thereby helping the development of the electric vehicle industry and promoting low-carbon transportation.
Bernhard, Head of Evonik Venture Capital
“High-performance batteries are key to accelerating the electrification transition of the automotive industry and reducing CO2 emissions. With this investment, we hope to support the development of related cutting-edge technologies, which have great prospects,” said Mohr. technology funds to invest. The fund will be established in 2022 with a total amount of 150 million euros. Its investment focus will be on new technologies for reducing emissions and innovative projects with a high degree of technical fit with Evonik’s “Next Generation Solutions”. Investments in innovative technologies and business models will further help Evonik achieve its sustainability goals.
The innovative process developed by Haizhou Advanced Materials can be used to produce few-layer graphene (FLG), which is suitable for lithium-ion battery electrode paste. By adding graphene, the electrode paste can be made highly conductive and thermally conductive, resulting in faster charging and improved battery performance; at the same time, the battery is less sensitive to temperature, reducing cooling needs and fire risks. Sun Di, general manager of Haizhou Advanced Materials, said: “We hope to support the development of next-generation batteries through professional technology. We are very glad that Evonik can become our strong international partner.”
“The cooperation with Haizhou Advanced Materials will help Evonik to deeply explore battery technology and deepen its understanding of this extremely dynamic market, which is fully in line with Evonik’s growth strategy for battery solutions.” Evonik Interface and Function Stefan, Head of Chemicals Business Line
Plass said.
As one of the world’s leading specialty chemical companies, Evonik is committed to developing innovative and sustainable solutions for e-mobility. Improving battery technology is one of the priorities. Evonik provides a wide range of lithium-ion battery application products to help create more powerful, safer, and more environmentally friendly batteries. At the end of last year, Evonik’s first global lithium-ion battery center was put into operation in Shanghai.
“In recent years, China’s lithium-ion battery industry has developed rapidly. This investment will promote the synergy between the two parties in battery material innovation and will also help us promote local business development.” Added Xia Fuliang, President of Evonik Greater China. According to expert forecasts, the demand for lithium-ion batteries will increase fivefold by 2030.
Hefei Haizhou New Material Technology Co., Ltd. was established in Guangdong in 2011 and is a pioneer in graphene electrode materials for lithium-ion batteries. Materials produced by the company are used in the products of China’s leading battery manufacturers. Haizhou Advanced Materials plans to build a new production base in Hefei, Anhui in 2023.