- Weifu High-Tech investment in CN Science & Technology expands recycling capabilities.
- Battery materials business strengthens circular economy and NEV supply chains.
Weifu High-Technology Group Co., Ltd (Weifu High-Tech) has announced a strategic investment to strengthen its presence in the lithium battery recycling and battery materials sector. The company plans to invest CNY 450 million by subscribing to CNY 230,635,892 in newly issued registered capital of Shanghai CN Science and Technology Co., Ltd. After the capital increase is completed, Weifu High-Tech will own a 33.83% equity stake in the company, and its financial results will be consolidated into Weifu High-Tech's financial statements.
The investment is aimed at expanding Weifu High-Tech's footprint in the growing circular economy surrounding lithium batteries. The transaction enables the company to strengthen its position across battery recycling, material recovery, and the production of critical raw materials that support rapidly expanding electrification markets. Consolidating CN Science & Technology into its financial statements also reflects the strategic importance of the investment within Weifu High-Tech's long-term business portfolio.
Investment Details and Ownership Structure
The planned capital injection of CNY 450 million will provide Weifu High-Tech with a significant ownership interest of 33.83% in CN Science & Technology. Following completion of the transaction, the acquired company will become part of Weifu High-Tech's consolidated financial reporting. This move aligns with the company's strategy of expanding into high-value businesses supporting battery supply chains and sustainable resource utilization.
CN Science & Technology's Core Business
Based in China, CN Science & Technology focuses on the comprehensive recycling and utilization of spent lithium batteries. Its operations also include research and development, manufacturing, and sales of lithium battery materials together with hazardous waste treatment and disposal services. The company supports resource recovery by transforming end-of-life batteries into valuable materials that can be reused across multiple industrial applications.
Key Products Supporting Battery Manufacturing
The company's product portfolio includes several important battery-grade materials that are widely used in lithium battery production.
Major Battery Materials Produced
- Battery-grade nickel sulfate
- Lithium carbonate
- Ternary precursors
- Cobalt sulfate
- Iron phosphate
These materials serve as essential inputs for lithium battery cathode manufacturing and support industries including new energy vehicles, energy storage systems, power tools, consumer electronics, robots, and electric two-wheelers.
Applications of CN Science & Technology Products
Battery materials produced by CN Science & Technology are utilized across multiple fast-growing sectors where rechargeable lithium batteries play a central role. Their broad application base supports demand from transportation, industrial equipment, energy storage, and consumer devices.
Applications include:
| Application Sector | Primary Use |
|---|---|
| New Energy Vehicles (NEVs) | Lithium battery cathode materials |
| Energy Storage | Battery material supply |
| Power Tools | Rechargeable battery production |
| Consumer Electronics | Lithium battery manufacturing |
| Robots | Battery component supply |
| Electric Two-Wheelers | Cathode material applications |
Technology and Intellectual Property Portfolio
CN Science & Technology and its subsidiaries possess multiple patents covering advanced recycling processes for lithium batteries. These technologies include hydrometallurgical separation, pyrometallurgical treatment, and specialized lithium battery recycling methods. The company's technological capabilities support efficient material recovery while enabling the reuse of valuable metals and compounds required for next-generation battery manufacturing.
Frequently Asked Questions
Why is Weifu High-Tech investing in CN Science & Technology?
Weifu High-Tech is investing CNY 450 million to acquire a 33.83% equity stake in CN Science & Technology and strengthen its position in lithium battery recycling and battery materials. The investment also allows CN Science & Technology to be consolidated into Weifu High-Tech's financial statements while expanding its capabilities in battery material recovery, recycling technologies, and products supporting new energy vehicles, energy storage, robotics, consumer electronics, power tools, and electric two-wheelers.
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