Who is 8GWh's Dutch Vaux Battery Company?

Last week, during his visit to the Netherlands, Prime Minister Ke Qiang became a "super salesman": witnessed the signing of a cooperation agreement between the Chinese and Dutch companies of about 10 billion US dollars. Among them, the headline is a Dutch battery manufacturer "Vaux", according to reports, the Dutch lithium energy company is going to cooperate with the Chinese partner - Zhejiang Jiashan Economic and Technological Development Zone to invest in a new super battery factory. It also set up a China R&D base with a planned investment of 1.6 billion Euros (about 12.8 billion Yuan). The project covers an area of 60 hectares (900 acres) and has a designed annual production capacity of 8GWh. Its lithium-ion battery modules are mainly used for green energy storage and intelligence, power grid and large transportation equipment.

When the news came out, friends in the circle immediately asked each other: Who is Vaux?

According to its official website, Lithium Werks BV, headquartered in hengelo, the Netherlands, is a fast-growing lithium battery and portable power solutions group. The company is committed to the new energy lithium battery industry. The products are mainly used in energy storage, industrial equipment and robots, marine, medical equipment, two-wheelers and special vehicles. The company's main customer list:

On the official website, the establishment time and specific performance of the company were not found. The layout of the lithium battery industry mainly comes from three mergers and acquisitions and investment this year:

In February of this year, Volks announced the acquisition of Valence Technologies of the United States. Founded in 1989, Valence Technologies is a patented lithium iron phosphate (LiFeMgPO4) manufactured by Carbothermal Reduction (CTR), which makes LiFeMgPO4 more durable and stable. The company was once the global leader in the field of lithium iron phosphate batteries, and A123 systems, which was acquired by Wanxiang Group in 2012, and is called the “lithium battery”.

Through the acquisition of Valence, Vaux has acquired its global customers, intellectual property, production facilities, etc., as well as the company's plant in Suzhou, China. A large part of the customers listed in the above figure Vaux should be based on the customers of Vailon.

In March of this year, Vaux announced that the company acquired the original Wanxiang A123 raw material (lithium iron phosphate) plant in Changzhou, China. As part of the transaction, Vaux also took over some of the customer relationships of Wanxiang A123 in China, Europe and the United States. And employee and product design related to the Changzhou business.

In September, Vaux announced that it has acquired the same lithium battery manufacturer Super B Lithium Power BV in the Netherlands, and invested a total of US$116 million with a number of institutions to build a new energy research and development center near Twente University in the Netherlands. Five years later employees will It reached 2,000 people. Volkswagen CEO and co-founder Joseph Fisher said that the cooperation between the two companies "can enable us to provide batteries, modules and battery management systems to the logistics, energy storage, medical, marine and other markets with nanotechnology and intelligent software."

In less than a year, three major mergers and acquisitions around the world, coupled with this investment of 1.6 billion Euros in the Chinese market, Vaux's business expansion is extremely embarrassing. Kees Koolen, chairman of the board of Vaux, said that the company is committed to energy storage in the wind and solar fields. It is expected to have sales revenues of more than $1 billion in 2020 and 500GWh by 2030.

In the agreement, the proportion of investment by the Chinese and foreign parties was not disclosed. However, Mr. Koolen deliberately praised the efficient support of Chinese partners in promoting project approval and construction permits.

“The signing of these agreements shows that Dutch companies are willing to expand investment in China in advantageous areas, and Chinese companies are willing to cooperate with the Netherlands in a broader field.” Li Keqiang said, “The two governments will create excellent business cooperation for enterprises. The environment, I hope that this nearly one billion US dollar agreement will eventually become a reality."

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