The registered capital of the joint venture is US$56.22 million. The planned construction scale of the first phase is 10 million units/month. The construction is divided into two phases. The first phase construction scale is 5 million units/month. The first phase of the project will be completed within three years. In the future, new investments will continue to be made for the expansion of the second phase of the project.

　　Veken Technology was listed on the Shanghai Stock Exchange in 1998. In 2018, it successfully completed the steady development path of transforming from a traditional textile company to a new energy technology company, forming a three-dimensional enterprise with 3C digital lithium-ion batteries, power lithium batteries and intelligent electronic equipment. A new strategic pattern with large areas as the core. At present, Veken Technology has established two major battery cell production bases in Ningbo and Dongguan, and is one of the mainstream 3C digital battery suppliers in China.

　　This cooperation is a combination of the advantages of all parties. LG Chem is one of the world's first-class lithium-ion battery manufacturing companies. Its globally unique "laminated structure" patented technology enables products to have the characteristics of ultra-low internal resistance and variable structures, which better solves the problem of large current lithium-ion batteries. Regarding the heating problem during charging and discharging, with the advent of the 5G era, the technical advantages of "laminated structure" have become more obvious. Veken Technology has been working in the Chinese market for many years and has accumulated good customer relationships. It can provide close services to the Chinese market and meet customer needs. The joint venture will rely on the advantages of all investors and fully adopt LG Chem's "laminated structure" patented technology for production. It will receive full support from investors in equipment raw material procurement and sales channels, and quickly establish process technology advantages in the field of intelligent lithium-ion battery manufacturing, providing The market supplies high-end quality products and technical services, enhances the company's core competitiveness, and opens up new performance growth points for Veken Technology in the future.

　　Low temperature lithium iron phosphate battery 3.2V 20A -20℃ charging, -40℃ 3C discharge capacity ≥70%

　　The company stated that it will continue to increase investment, upgrade the level of intelligent manufacturing, consolidate its leading position in the industry in the field of 3C digital batteries, become a high-quality supplier for first-line brand users, and is committed to becoming the world's leading supplier of battery products and an overall solution for secondary energy batteries. Method expert.

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