In December 2017, National Scientific and Technological Major Project Achievements Transformation Fund managed by SDIC successfully worked with the State-owned Key Enterprises Poverty Regional Industrial Investment Fund to invest in Shenzhen Zhenhua E-CHEM Co., Ltd (hereinafter referred to as Zhenhua E-CHEM or the corporation). The fund will finance the construction of the new plant of Zhenhua E-CHEM in the poverty-stricken area in Guizhou. Owning to this round of investment, Zhenhua E-CHEM will acquire more resources for strategic development, leading the technological development of anode material for Lithium battery and gradually developing into a leading enterprise in its industry. 

Anode material is the core material which determines the overall energy density of the Lithium battery. Zhenhua E-CHEM is a subordinate corporation of China Zhenhua Electronics Group Co., Ltd as well as a NEEQ-listed company. 12 years have passed since the company took up the research and development of anode material for Lithium batteries in 2005. Its core product single crystal ternary anode material turns out to be first-class in the whole industry and lead the trend of technology. Zhenhua E-CHEM won Guizhou's second prize for progress in science and technology in 2012 and in 2017 it received major special funds from Guizhou Science and Technology Department. In the field of power battery, Zhenhua E-CHEM is the main provider of ternary anode material to some first class domestic battery manufacturers like CATL. When it comes to consumption, its shipments account for one third of the anode materials for IPAD globally. Now, many renowned manufacturers put its anode material through a test. In the future, it's possible for the products of Zhenhua E-CHEM to access the supply system of Tesla, a well-known manufacturer of new energy vehicles.  

The blueprint of the new plant of Zhenhua E-CHEM

SDIC Venture Capital and SDIC Chuangyi Industry Fund Management invest in Zhenhua by resource synergy and in the way of investment linkage. It not only provides support for the transformation of scientific and technological achievements, accelerates the development of the corporation, contributes to the development of the new energy vehicle industry, but also works as a specific measure to implement the work plans arranged by the Communist Party and the State Council on poverty alleviation and development in this new era, advances regional poverty relief, gives play to government guidance and the leverage of fiscal funds and drives business capitals as well as social capitals to make contributions to the economic development of poverty-stricken areas. This time the cooperation fully demonstrates the synergy effect among SDIC funds and is another successful case of fund synergetic development.