Chinese electrolyte supplier F&let said that the phase 1 of its new manufacturing base in Anhui has passed an inspection by relevant experts. Therefore, the phase 1 will be entering the pilot production phase. The phase 1 comprises a production capacity of 150,000 tons per year.
Established in 2014, F&let develops, manufactures, and sells battery electrolytes and additives for electrolytes. It has offerings for Li-ion and Na-ion batteries. Additionally, it also provides other related technical services. The two major shareholders of F&let are Lopal and DFD. Compared with other suppliers for Li-ion battery electrolytes, F&let is considered to be leading in terms of production automation.
Presently, F&let possesses five bases across China. They are respectively located in Hunan, Henan, Anhui, Guangxi, and Shandong. Construction has been completed for the bases in Hunan and Henan. As for the base in Anhui, construction has just begun. The bases in Guangxi and Shandong are almost ready for groundbreaking. F&let currently estimates that its total production capacity for battery electrolytes will increase by around 500,000 tons per year by 2025.
Regarding client base, F&let currently has established partnerships with the major Chinese battery manufacturers including Gotion Hi-Tech, REPT, Phylion, and Ganfeng LiEnergy. At the same time, F&let is stepping efforts to form business relations with well-recognized foreign battery manufacturers.
It is worth noting that F&let formally entered the supply chain of Xiaomi’s automotive business in May 2021. At that time, F&let also took on Beijing Xiaomi Smart Manufacturing Fund and Hubei Xiaomi Yangtze Industry Fund as its shareholders. This deal increased F&let’s registered capital by 11.11% from RMB 1.19 billion to RMB 1.32 billion.
This article is a translation of a Chinese article posted by Wendy at TrendForce. It contains information that is either sourced from other news outlets or accessible in the public domain. Some Chinese names are transcribed into English using Hanyu Pinyin.