Zhongyu Lithium Electricity: overtaking BYD via a new technology

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Category: Ningbo Business

Published: Tuesday, 09 August 2011 09:35

The factory price of a lithium battery the size of an air-conditioner remote control can be as high as ￥300 to ￥400. Such batteries, still being pilot tested, have received orders worth approximately ￥100 million from photovoltaic enterprises and power supply companies, while a production line of such batteries can produce 250 million worth products a year at full capacity. On August 7, it was learned from Zhonyu Lithium Electricity Co. Ltd. that, in the coming 4 years, the company will set up 4 such production lines, with an annual production of 420 million amp/hour's lithium batteries of all kinds, an annual value of ￥5 billion. By 2025, the company expects to reach an annual production of ￥10 billion, ranking as one of the largest lithium battery production bases of the world, a first-grade supplier to the major users of the world, presenting a challenge to BYD.

Compared with traditional batteries, lithium batteries have the advantages of being small in size, light in weight, high in working voltage, long in life expectancy, pollution free and safe property, etc. With traditional battery gradually exiting from the stage, the industry of lithium battery is attracting a lot of investors.

It is learned that Zhongyu company uses the advanced lithium iron phosphate as the material of the positive pole of the battery optimized the structural design of the battery, using advanced conceptualization of design and the most updated Aqueous solution spraying technology, based on which to develop batteries of 20 amp/hour, 40 amp/hour and 100 amp/hour.

"From the purchase and installation of equipment in December last year to the research and development and pilot production of the first lithium battery this May, it took us only 6 months. Such speed is unheard of," said a person in charge of the company. They are racing against time to create the "Zhongyu Speed". Once production is formally begun, it will be a milestone in Ningbo's history of new energy development and new material application.

The company plans to invest a total amount of ￥1.8 billion in the whole project, ￥500 million for each of the first 2 years, ￥400 million for each of the following 2 years to purchase automated production lines from Japan and Germany and buy 200 mu of land to build their premise of operation and production and, at the same time, endeavor for the project to be listed into the state "863" project.

Novartis organized an award-tour in Ningbo

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Category: Ningbo Business

Published: Tuesday, 09 August 2011 09:24

On August 1, a five-day meeting-reward tour of 1000 people of Beijing Novartis Company was concluded in Ningbo. The venue of the meeting was at the Shangri-La Hotel. Hotels nearby, such as Shearton, Marriot and Crown Plaza also had a busy time receiving the guests. The 1000 people consumed abut three million yuan in Ningbo.

During the five days, the company did not organize meetings and tours but had a sports meet. The employees liked the Ningbo seafood very much. Beijing Novartis was not the only world top 500 companies that held meeting and tours of this kind in Ningbo. Corporations like Shell, Volkswagen, Simens, and John Deere often hold their annual meetings or fairs in Ningbo. Previously, they mainly placed their meetings in cities of Beijing, Shanghai, Hangzhou, Suzhou or Xiamen.

According to the organizer of the meeting, there are more and more luxury hotels in Ningbo and above all, there are beautiful landscape and delicious seafood, which attract them most.

Meeting-reward tour refers to a tour arranged as a meeting and a reward. With the development of modern tourism, the MRT has great potential, as it is highly specialized and lucrative. It is becoming a gold market in the increasingly segmented tour market.

China Resources Snow Breweries to "swallow" West Lake

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Category: Ningbo Business

Published: Tuesday, 09 August 2011 09:27

China Resources Snow Breweries decided to buy 55% equity interest of West Lake Beer Stock with 270 million yuan on August 2nd.

The company has factories both in Ningbo and Hangzhou, showing a strong enterprise. It was established in 1958 as Hangzhou Taoyuanling Brewery, which is the first Brewery in Ningbo. It has over 50 years of history. With two production bases in Hangzhou and Deqing, it has the capacity of 500 thousand of kilo liter and a Sales Volume of 120 thousand of kilo liter.

Since the year 2005, Snow Brewery ranked first place in 6 successive years. The company's total production and sales stay ahead of other domestic beer business for 6 years. In 2010, its sales grew from 16% to 841.3 million liters, consolidating its position as the world's leading beer brand.  It ranks No. 29 among "2011 China Most Valuable Brands".

Shimao Copper to Forge a Green Enterprise

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Category: Ningbo Business

Published: Tuesday, 09 August 2011 09:22

A couple of days ago, Ningbo Shimao Copper Co., Ltd., passed an acceptance check by provincial authorities and become a provincial green enterprise.

Shimao Copper is a key enterprise of Ningbo. Last year, its output value reached 3.47 billion yuan. In recent years, while developing economy, the company attaches great importance to clean production. It keeps increasing input and reducing energy consumption.

In a short period of two years, Shimao Copper has carried out 34 clean production solutions, which has brought about economic benefits of 12 million yuan. As a result, the emissions of sulfur dioxide, carbon dioxide and dust have been reduced by 84.8 tons, 5385 tons and 15.43 tons.