SHENZHEN, China, Sep 9, 2022 -- Shenzhen Capchem Technology Co. Ltd. (Capchem), Nippon Shokubai Co., Ltd (Nippon Shokubai) and Toyota Tsusho (Shanghai) Co., Ltd. (Toyotsu Shanghai) have reached a joint venture agreement on investment in Hunan Fluopont New Materials Co., Ltd. (Hunan Fluopont), a subsidiary of Capchem, which is planning to expand production facility of Lithium bis(fluorosulfonyl)imide (LiFSI), a key component of battery cells for electric vehicles. After this transaction is completed, Capchem will still be the controlling shareholder of Hunan Fluopont.
LiFSI has been used in electrolyte to improve lithium-ion battery’s performance over a wide temperature range. Therefore, commercializing LiFSI has been an important step for Capchem’s vertical integration and sustainable development strategy. Capchem had successfully operated a LiFSI pilot plant, and its controlled subsidiary Hunan Fluopont’s 1st phase LiFSI production facility is currently at commissioning stage.
Combining each party’s advantages in technology and market position, this strategic cooperation will enable Capchem, Nippon Shokubai and Toyota Tsusho’s to form a win-win alliance. In the next few years, Capchem, Nippon Shokubai and Toyota Tsusho plan to expand Hunan Fluopont’s LiFSI production capacity to over 10,000 MT/year, to support rapidly growing EV and energy growing market.
Capchem is a leading company in electronic chemicals and functional materials. It is headquartered in Shenzhen, China, and was listed on Shenzhen Stock Exchange (Stock Code: 300037). Capchem’s portfolio is organized into lithium-ion battery chemicals, capacitor chemicals, organic fluorine chemicals and semiconductor chemicals.
Lithium-ion Battery Chemical Business Unit is the largest business sector of Capchem. Its product portfolio comprises battery electrolyte, as well as additives, carbonate solvents and novel lithium salts used in electrolyte. With advanced research and development capabilities, Capchem has been providing integrated solutions for leading lithium-ion battery companies all over the world. For more information about Capchem’s Lithium-ion Battery Chemical Business Unit, please visit https://en.capchem.com/product/6/.
About Nippon Shokubai
Since 1941, Nippon Shokubai has grown up its business with unique catalyst technology. It is a leading company in superabsorbent polymers. In 2013, it succeeded in the development of an industrial production process of highly-pure LiFSI, for the first time in the world. Nippon Shokubai is a global chemical company operating under its corporate mission "TechnoAmenity – Providing prosperity and comfort to people and society, with our unique technology."
About Toyota Tsusho
Toyota Tsusho is Toyota Group’s general trading company. It was founded in 1948 as the trading company for the Toyota Group. The company has seven operating divisions (Metals/ Global Parts & Logistics/ Automotive/ Machinery, Energy & Project/ Chemicals & Electronics/ Food & Consumer Services/ Africa). It has been deeply engaged in the field of lithium-ion batteries for many years, with a strong global sales network and excellent marketing ability.