New Asia Process plans to establish a joint venture company to acquire 51% equity of Shanshan New Materials for 704 million yuan

Shanshan New Materials is the first professional lithium-ion battery electrolyte manufacturer in China. Shanshan New Materials currently has a production capacity of 60,000 tons of electrolytes and 6,000 tons of lithium hexafluorophosphate, and independently develops and produces a number of special additives. It is the most promising and competitive lithium-ion battery electrolyte manufacturer in China. Recently, New Asia Manufacturing Co., Ltd. plans to set up a joint venture company to acquire 51% equity of Shanshan New Materials for 704 million yuan.

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