BASF Shanshan Battery Materials Co., Ltd (changed by Hunan Shanshan Energy Technology Co., Ltd., hereinafter referred to as "the company"), is 51% owned by BASF Group, and 49% owned by Ningbo Shanshan through Yongxiang Investment. Founded in November 2003, the Company is located in Changsha National High-tech Industrial Development Zone. With a registered capital of RMB 578,845,492, the Company specializes in the R&D, production and sales of lithium battery cathode materials. It now has more than 1,600 employees. BASF Shanshan Battery Material (Ningxiang) Co., Ltd. and BASF Shanshan Battery Material (Ningxia) Co., Ltd. are the two wholly-owned subsidiaries of the Company. As a lithium-ion battery cathode materials manufacturer with the largest production and marketing scale in the world, the Company ranks first among the most competitive brands in the industry for six consecutive years. The Company boasts core technological advantages, sustainable R&D capability, and a research institute. The research institute is capable of product R&D, experimental verification, analysis, and testing and has a total investment of 270 million yuan and 240 R&D specialists. This complete R&D system and strong R&D team continue to drive the technical improvement of the BASF Shanshan Battery Materials Co., Ltd.
