On April 3rd, Tenpower and Dayi M&E Tools(power tool company) signed a strategic procurement cooperation agreement stating that Dayi will procure 150 million units of NCA cylindrical batteries from Tenpower from 2019 to 2021.
By the end of 2019, Tenpower will have established 4 high-speed 18650 production lines, according to people familiar with the matter. Furthermore, Tenpower will have two fully operational high-speed 21700 production lines by the end of 2020.
About Tenpower
Tenpower is a leading cylindrical lithium-ion battery cell developer and manufacturer specializing in producing high-rate lithium-ion battery cells. Tenpower has accumulated tremendous amounts of know-how through 18 years of persistent endeavor in basic material research and electrochemical technologies. Owing to prior experience in the power tool battery industry, Tenpower is a strong proponent of a quality-first philosophy. It invests heavily in state-of-the-art equipment and rigorous quality control processes. This ensures the consistency and safety of the battery cells. Today, Tenpower has expanded into various industries, including power tools, micro-mobility, smart appliances, and critical applications. Tenpower incorporated itself into the supply chains of many leading first-tier international companies. It has shipped more than 10 billion battery cells to hundreds of companies across more than 40 countries. For further information, visit www.tenpowercell.com.
About Azure Corporation
Azure Corporation (江苏蔚蓝锂芯股份有限公司) is a China-based company. Azure manufactures lithium battery cells and semiconductors and manages metal logistics and distribution. The Company operates its businesses through three segments. The lithium-ion battery cell segment is mainly engaged in the manufacturing of lithium-ion battery cells. The semiconductor segment is primarily engaged in the manufacturing and sale of light-emitting diode (LED) epitaxial wafers and chips. The metal logistics and distribution segment consists of an active distribution business and a commissioned business for its products. For further information, visit www.azurecorp.com