SINOCHEM INTERNATIONAL(SH:600500) 鑫椤锂电·2025-08-25 08:15Core Viewpoint - The ownership change of Huai'an Junsheng New Energy Technology Co., Ltd. from a state-owned enterprise to a private company indicates a significant shift in the lithium battery industry, highlighting the acceleration of industry consolidation [1][5]. Group 1: Company Background - Huai'an Junsheng New Energy Technology Co., Ltd. was established on June 13, 2017, initially as a wholly-owned subsidiary of Baojun Automobile [3]. - In September 2018, China National Chemical Corporation (Sinochem) signed an investment cooperation agreement with Junsheng New Energy and Baojun Automobile, focusing on the development and promotion of high-performance ternary lithium batteries [3]. - Sinochem invested in Junsheng's power battery project in Huai'an, with a total planned investment of 10 billion yuan, including the construction of a 500,000 square meter factory and the establishment of 10 new research and production lines for battery cells and packs [3]. Group 2: Recent Developments - On April 8, 2025, the Huai'an court accepted the bankruptcy liquidation case of Junsheng New Energy, publicly recruiting restructuring investors [5]. - The complete transfer of Junsheng's 100% equity to Xindong Lithium Battery signifies a complete change in ownership for this state-owned enterprise, further confirming the deep integration trend in the lithium battery industry [5]. - Xindong Lithium Battery, based in Xingtai, Hebei, is a technology-driven lithium battery company specializing in the research, production, and sales of lithium iron phosphate batteries and energy storage systems [5].