Start the power to Lithium battery recycling area

It is reported that lead-acid batteries are the main products of Tianneng Power. In the first half of this year, the electric bicycle and tricycle battery products corresponding to Tianneng lead-acid batteries achieved operating income of 5.159 billion yuan and 1.275 billion yuan respectively, an increase of 10 % and 16.5 % respectively. The combined operating income of the two accounted for 85 % of the total revenue in the first half of the year.

Mr Wangzhikun said the company would spend more on research and development in the future, with lead batteries moving toward lead-carbon batteries, SUPERBATTERIES and rare earth silicone batteries; Lithium-ion cells have been developed for new ternary materials and graphene manganese based lithium batteries. The technical team has focused on the development of advanced lithium battery materials, cores, batteries and battery management systems.

Data show that the cost of energy research and development in the first half of this year increased to 241 million yuan from 137 million yuan in the same period last year. Wangzhikun said that with the increase in the number of new energy vehicles, the future lithium battery recycling will become a market focus, there is still no large-scale lithium battery recycling enterprises in the country, and the company has now put forward the issue of lithium battery recycling, planning the recycling model of used lithium batteries.

According to Wangzhikun, in the area of battery development, Teneng Power has developed a "cloud battery" product that has a GPS positioning function that can track batteries and vehicles in real time and understand the battery's charging energy and operating status in real time. "The battery of electric vehicle in the future is an intelligent product. This product is now initially engaged in investment with some suppliers." It is reported that the original intention of the development of the product is that the number of electric bicycles in the country has increased after more than 150 million, and traffic management and the reduction of traffic accidents have also become issues of concern to management departments. The product can solve these "pain points."

Combining the aforementioned positive results, the First-half net profit of Teneng Power increased by 476.5 % to 269 million yuan year-on-year. On November 20, Teneng Power's share price reached a record high of HK$ 6.85 per share. Wangzhikun said that at present, Teneng Power is a constituent stock of the Hong Kong Hang Seng Index, MSCI Index constituent stocks, and Hang Seng Sustainable Development Enterprise Index constituent stocks, and the stock market includes the Norwegian Central Bank and Wangyawei's Qiahe Capital, etc.. The degree of market attention has been improved.

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