On May 14, Levima Advanced Materials announced that the company and Beijing WeLion New Energy Technology Co., Ltd (“Beijing WeLion”) jointly invested in the establishment of a joint venture company Levima WeLion (Jiangsu) New Energy Technology Co., Ltd. to carry out the development, production, and sales of key functional materials for new batteries such as solid-state batteries and semi-solid state batteries..

       Solid-state batteries (including semi-solid-state and all-solid-state batteries) represent a new type of lithium battery technology. They offer high safety, smaller size, high energy density, strong cycling performance, and are applicable to a wide range of temperatures, among other advantages. In the context of the rapid development of new energy vehicles and the energy storage industry, the lithium battery industry is experiencing rapid growth. This presents an opportunity for solid-state battery-related materials.

       Levima Advanced Materials has been dedicated to new energy materials for many years, establishing a research and application platform for new types of battery materials. The company has developed capabilities in the development and application evaluation of new energy battery materials, with extensive experience and a deep understanding of the design, development, and industrialization of special fine chemicals related to lithium-ion batteries. It has laid out products such as lithium battery electrolyte solvents, additives, and lithium battery separator materials.

       Beijing Welion is a national high-tech enterprise focusing on the research, development and production of hybrid solid-liquid electrolyte lithium-ion batteries and all-solid-state lithium batteries, owning a series of core patents and technologies, and is the industrialization platform of solid-state battery technology of Clean Energy Laboratory, Institute of Physics, Chinese Academy of Sciences. Beijing Welion integrates highly-experienced talents in the fields of battery materials, cells and systems, focusing on hybrid solid-liquid electrolyte batteries and all-solid-state batteries with high energy density, high safety, high power, wide temperature range and long life, breaking through the bottlenecks of the existing technologies through original innovations, and focusing on the fields of automotive power, energy storage and small power batteries.

       Levima Advanced Materials and Beijing Welion will give full play to their respective advantages, build strategic synergies between the production of upstream key materials and downstream market applications, accelerate the transformation of R&D results of both parties to achieve mutually beneficial and win-win in-depth cooperation, and create a new platform for the business of Levima Advanced Materials. After the new products and technologies of the joint venture company are developed and put into production, Levima Advanced Materials will further enrich the product system in the field of new energy battery materials, improve the company's business layout, form full synergy and mutual support with the company's existing lithium materials products, help the company's strategic development in the field of new energy battery materials, and create a new profit growth point for the company.