Will yuneng build a reliable Cloud Platform?

The cooperation involves cloud computing. The Shenzhen-based telecoms giant will help Yuneng build a reliable cloud platform to operate and maintain the projects, according to the statement. The platform should be connected to electricity distribution and carbon credit trading systems.

How much money will Hunan yuneng New Energy Invest?

On April 24, Hunan Yuneng New Energy announced that it plans to invest around RMB 8 billion in the development of the phase 2 of its Yunnan manufacturing base. This capacity expansion will be implemented through its wholly-owned subsidiary Yunnan Yuneng New Energy Battery Material. Furthermore, the funding will primarily come from Yuneng itself.

Why did yuneng stock go up?

(Yicai Global) Sept. 13 -- Shares of Yuneng Holdings jumped to a two-month high after the Chinese thermal power firm said it will join hands with Huawei Technologies to build solar energy projects that are managed digitally. Yuneng's stock price [SHE: 001896] rose by the daily limit of 10 percent to CNY8.21 (USD1.30), the highest since July.

Is yuneng a ternary cathode company?

Yuneng’s main offerings are LFP and ternary cathode materials that used in Li-ion batteries, though much of the recent focus has been on the former. The company’s own annual report for 2022 stated that its market share for LFP rose from around 25% in 2021 to around 29% in 2022.

How will Yunnan expand its capacity?

This capacity expansion will be implemented through its wholly-owned subsidiary Yunnan Yuneng New Energy Battery Material. Furthermore, the funding will primarily come from Yuneng itself. The phase 2 of the Yunnan base will comprise production lines for LiMnxFe1-xPO4, iron (III) phosphate, and hydrogen peroxide.

What is Hunan yuneng's production capacity in 2022?

As of the end of 2022, Hunan Yuneng’s annual production capacity and annual production volume for LFP had come to around 348,000 tons and 337,200 tons respectively. The utilization rate of its production capacity for LFP had also reached 96.82%. The planned annual production capacity for LFP at that amounted to around 140,000 tons.