Sinochem International and Bojun Automotive signed an investment cooperation agreement

Recently, the signing ceremony of the investment cooperation agreement between Sinochem International (600500.SH), Nanjing Bojun New Energy Automobile Co., Ltd. (hereinafter referred to as Bojun Automobile) and Huaian Junsheng New Energy Technology Co., Ltd. (hereinafter referred to as Junsheng New Energy) was held in Huaian, Jiangsu. Cai Lixin, Deputy Secretary of the Huaian Municipal Party Committee and Mayor, Liu Hongsheng, General Manager of Sinochem International, Chen Baoshu, CTO of Sinochem International, Wang Jun, Deputy General Manager of Sinochem International, Huang Ximing, Chairman and CEO of Bojun Automobile, Zhang Zhiwei, General Manager of Junsheng New Energy and other relevant leaders attended the signing ceremony. Zhu Xiaobo, Mayor of Huaiyin District, presided over the signing ceremony.

Sinochem International CTO Chen Baoshu, Bojun Auto Chairman and CEO Huang Ximing, and Junsheng New Energy General Manager Zhang Zhiwei signed an investment cooperation agreement

Huang Ximing, Chairman and CEO of Bordrin Automobile, introduced the basic situation of Bordrin Automobile to everyone at the signing ceremony. As a new energy vehicle company focusing on technology research and development, Bordrin Automobile has a profound foundation in car manufacturing, and has core technologies and significant advantages in chassis platform forward research and development, three-electric technology, vehicle performance, lightweight technology, styling and intelligent driving system solutions. At the same time, Bordrin Automobile published the "Smart Transportation White Paper" during this year's two sessions, proposing ideas to solve problems such as traffic congestion, pollution, and safety, showing a sense of responsibility and a high vision to solve social problems, and also providing broad space for subsequent cooperation with Sinochem International in the fields of smart transportation.

In order to strengthen its power battery R&D and production capabilities, Bojun Auto invested in Junsheng New Energy in 2017. Currently, Junsheng New Energy has formed an international team including experts from the United States, South Korea and other countries, with complete R&D capabilities, process design capabilities and mass production experience. It is expected that after 2020, the company will develop and produce battery cells with an energy density of more than 300Wh/kg. The outstanding strength of Bojun Auto and Junsheng New Energy in the field of power batteries has led to investment cooperation with Sinochem International.

Sinochem International is a large state-owned listed company. Its actual controller, Sinochem Group, is a large state-owned backbone central enterprise and a Fortune 500 company. Since its establishment, Sinochem Group has achieved remarkable results in the fields of energy, agriculture, chemicals, real estate, finance, etc. In recent years, the international environment has changed rapidly, Internet information technology has been continuously innovated, and the business model has also undergone tremendous changes, which has allowed Sinochem to form a new understanding of future development. In March this year, Ning Gaoning, Chairman of Sinochem Group, proposed the development concept of "science first", which opened the prelude to Sinochem's comprehensive transformation into a science and technology driven innovation platform company. Under the process of the group's strategic transformation, Sinochem International has identified three important development areas: new energy, new materials, and bio-industry, and has taken the lithium battery industry as an important breakthrough in the new energy field. On the basis of strengthening its own advantages in the fields of positive and negative electrode materials, Sinochem International's investment in Bojun Automobile and Junsheng New Energy has further improved its layout in the lithium battery industry, and will also promote the strategic transformation and upgrading of the group.

This cooperation indicates that Bojun Automobile has won the favor and recognition of a large domestic leading central enterprise, which will effectively enhance the company's development level and provide strong support for the smooth production and market sales of subsequent products. In the future, the three parties will complement each other's advantages in the field of power batteries, create new heights in power batteries, and launch new energy vehicle products with international competitiveness, creating a model of cooperation between large state-owned backbone central enterprises and emerging car companies.

About Bordrin Auto:

Founded in 2016, Bojun Auto is a technology company that focuses on providing smart travel solutions. The company has core technologies in chassis platform, three-electric system, lightweight and ADAS solutions, and will strive to become a Chinese smart electric vehicle brand that can compete with the most advanced automobile companies on the international stage in the future.

Junsheng New Energy Introduction:

Junsheng New Energy was established in June 2017. The company is committed to the research and development, trial production and manufacturing of high energy density ternary lithium-ion power batteries. Its products cover power battery cells, modules and battery packs, which can be widely used in new energy passenger cars, logistics vehicles, buses and various special vehicles.

About Sinochem International:

Sinochem International is a large state-owned listed company with international operations (stock code: 600500) with core competitiveness in the fields of intermediates and new materials, agricultural chemicals, polymer additives, natural rubber, etc. The actual controller of the company, Sinochem Group Co., Ltd., is one of the earliest Chinese companies to be shortlisted in the Fortune Global 500 list, and has been on the list 27 times so far.

As a winner of Toutiao's Qingyun Plan and Baijiahao's Bai+ Plan, the 2019 Baidu Digital Author of the Year, the Baijiahao's Most Popular Author in the Technology Field, the 2019 Sogou Technology and Culture Author, and the 2021 Baijiahao Quarterly Influential Creator, he has won many awards, including the 2013 Sohu Best Industry Media Person, the 2015 China New Media Entrepreneurship Competition Beijing Third Place, the 2015 Guangmang Experience Award, the 2015 China New Media Entrepreneurship Competition Finals Third Place, and the 2018 Baidu Dynamic Annual Powerful Celebrity.