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Battery electrolyte supplier Duofluduo rapidly expands market scale, and Yutong Bus's purchase of lithium batteries has seen a price drop of over 26%

Henan Business Daily News (Reporter Chen Wei) As an important province in the manufacturing of new energy vehicles, the expansion of lithium battery production in Henan has also benefited many companies. As a supplier of lithium battery materials, Dofluoro has gained a lot of share in the expansion of lithium battery production in this round. And Yutong Bus, a major purchaser of lithium batteries, also benefited from the price drop caused by the expansion of lithium battery production.

In the process of developing the lithium battery market, the Henan lithium battery electrolyte supplier, Duofluduo, has rapidly expanded its market scale.

In June of this year, Dofluoro plans to issue 126 million additional shares and raise 2 billion yuan to invest in the high-end new additive project for 10000 tons of power lithium batteries and 300000 sets/year of new energy vehicle powertrain and supporting projects. Among them, the company's actual controller, Li Shijiang, holds the majority of the shares, with a proposed subscription ratio of 15% to 20%. A person from the Duofluduo Securities Department told Henan Business Daily that after this fixed increase, the proportion of the company's lithium battery and material business revenue will significantly increase, and it will seize more of the rapidly developing lithium battery market.

Although lithium battery prices are currently beginning to decline, many institutions are still optimistic about this industry. Rongtong Fuguo Chairman Zhou Jifeng believes that in the long run, the rise of the entire new energy sector is still a trend, and the true outbreak of new energy vehicles will be from the end of 2018 to 2019. However, in this process, some companies with small production and outdated technology also face the risk of being eliminated, "he said.

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