Dangsheng Technology and South Korea's SK cooperate to develop cathode material business

Recently, Dangsheng Technology announced that the company signed a strategic cooperation agreement with the South Korean lithium battery giant SK on the same day, agreeing that SK (or its affiliates, investment entities) should invest no more than 30% of the equity in Dangsheng Technology’s European new material industry base, and in Establish a joint venture company in South Korea, and if necessary, set up a joint venture company in China to jointly develop the cathode material business
.
At the same time, the two parties agreed to cooperate in the lithium iron phosphate business
.

It is understood that Dangsheng Technology announced on November 8 that it intends to set up a joint venture with Finnish Mining Group and its subsidiary Finland Battery Chemicals Co.
, Ltd.
Dangsheng Technology holds 70% of the shares and is mainly responsible for the construction of the company's European projects and operation
.
According to the announcement, the European project plans to build a first-phase production base for high-nickel power lithium battery cathode materials with an annual output of 100,000 tons in Finland
.
And one of the investments involved in the signing of the strategic cooperation agreement between the company and SK is this project
.

In addition to European projects, Dangsheng Technology will also cooperate with SK in "Asian projects" and "product supply"
.
Among them, in order to further expand the cathode material business, the two parties agreed to jointly fund the establishment of a joint venture company in South Korea to jointly develop the cathode material business
.

The two parties also agreed that if necessary, another joint venture company will be established in China, and they promise to give priority to the supply of primary materials for lithium battery cathode materials to South Korean companies.
Korean and American markets
.