Funeng Technology Becomes Brilliance Xinri Power's Lithium-ion Battery Supplier

Funeng Technology announced that the company has recently received a fixed-point agreement from Brilliance Xinri New Energy Automobile Co., Ltd. (hereinafter referred to as 'Brilliance Xinri') to use the company as a power lithium battery supplier for its W32H project. According to the customer's plan, the project will achieve a minimum sales volume of 100,000 units in a five-year life cycle, and mass production will begin at the end of 2020. Funeng Technology stated that the company became the supplier of Brilliance Sunshine and supplied it with power lithium batteries, which marked Brilliance Sunshine’s recognition of the company's products, and had a positive impact on the company's business expansion and future performance, which was in the interests of the company and shareholders. Public information shows that Funeng Technology was founded in 2009, focusing on the research and development, processing and sales of lithium-ion power lithium batteries for new energy vehicles and vehicle battery systems, and to provide overall solutions for power lithium batteries for vehicle companies. On the technical route, Funeng Technology takes the ternary chemical system and soft-pack power lithium battery structure as the direction of power lithium battery research and development and industrialization. The company is currently able to produce ternary soft-pack batteries with a production density of 285Wh/kg. In the leading position. In addition to Brilliance New Day, Funeng Technology has received orders from many companies in recent months. On August 25th, Funeng Technology became the exclusive supplier of Dongfeng Motor Group Lantu Motors. Lantu Auto expects 5GWh of battery demand in the next 7 years. On September 19, the signing ceremony of a comprehensive strategic cooperation agreement was held with Jiangling New Energy and Guoji Zhijun, and an order for power lithium batteries for 250,000 vehicles was obtained. On October 21st, Funeng Technology signed a contract with Turkish car manufacturer TOGG. The power lithium battery cells of TOGG cars will be supplied by Funeng Technology. It is known that after 2022, TOGG will achieve an annual output of 175,000 new energy vehicles, and the battery demand is about 9GWh/year. On the evening of October 22, Funeng Technology announced that Funeng Technology had recently received a project designation letter from Chunfeng Power. Chunfeng Power will use Funeng Technology as its battery supplier for six vehicle models. It is predicted that the average annual supply demand after mass production is expected to exceed 100,000 units, and the total power demand is expected to exceed 5GWh. In addition, on October 21, Xiangxin Technology announced a notice stating that the company has recently received a designated notification of Funeng Technology’s new energy vehicle battery box products, confirming that the company is the supplier of the project. The project is expected to have a total sales of about 930 million yuan. Disclaimer: Some pictures and content of articles published on this site are from the Internet. If there is any infringement, please contact to delete. Previous article: What are the assembly methods for lithium iron phosphate batteries?