There is no doubt that Dow's technology, which is based on ceramic ink, full-polished printing glaze and basic glaze, has been deployed in the past two years, and new energy materials have become a new engine for its performance growth.

　　Let’s take a look at the strengths of Jana Energy and Qingdao Haoxin:

　　·Jana Energy: With a production capacity of 12,000 tons of ternary precursors

　　Jana Energy’s main products are ternary precursors and cobalt salts, which are mainly used to produce lithium battery cathode materials. The main products include cobalt salts such as cobalt sulfate, cobalt carbonate, cobalt chloride and cobalt oxalate, and ternary precursor products.

　　In order to expand its business scope and consolidate its position in the lithium battery material market, Cana Energy has secured the supply of raw materials through mergers and acquisitions while establishing subsidiaries to accelerate production expansion.

　　In terms of existing production capacity and expansion, Jana Energy currently has a production capacity of 6,000 tons of cobalt salts and 12,000 tons of ternary precursors. Jana Energy plans to invest 375 million yuan to add a 10,000-ton ternary precursor and related auxiliary material production line on the basis of the existing capacity. The project has started in early 2018 and plans to officially put into mass production in 2019. At the same time, Hunan Jana, as the production base set up by Jana Energy in Hunan, is planning to build the project of "annual output of 20,000 tons of power battery cathode materials".

　　In terms of supply chain, the raw materials needed for Jana Energy's production mainly come from Congo (DRC), and the international business department purchases them from upstream international mining companies such as GLENCORE and SMR or bulk commodity traders. On January 10, 2018, Hong Kong Cana, a subsidiary of Cana Energy, owned 100% of MJMSARLU through a transaction.

　　According to the data, MJM is located in the Congo (DRC), Africa, and is mainly engaged in the production and sales of metallic cobalt, electrolytic copper and other cobalt-related products. At present, MJM is building a new wet production line for cobalt intermediate products with an annual output of 2,000 tons of cobalt metal in Congo (DRC). It is expected to be put into production in the second half of 2018.

　　After the completion of the transaction, MJM will become an important resource channel guarantee for Cana Energy. By intervening in the upstream raw material layout of cobalt resources, it will increase the resource reserve of cobalt, an important raw material for new energy batteries; and reduce the cost of cobalt products by directly obtaining cobalt products from the Democratic Republic of Congo. The impact of upstream raw material price fluctuations on the operating costs of Guangdong Jana Energy Technology Co., Ltd.

　　In the future, Cana Energy’s revenue is mainly divided into cobalt salt series sales revenue, cobalt salt substitution processing revenue, and ternary precursor revenue. According to Jana Energy's plan, in addition to meeting the needs of existing customers, the future cobalt salt products will mainly meet the production of ternary precursors, and the remaining capacity can provide customers with cobalt salt processing.

　　·Qingdao Haoxin: batch supply BYD/Guoxuan/Anchi

　　Qingdao Haoxin’s main products are graphene conductive agent and carbon nanotube conductive agent. Its main customers include domestic power battery companies such as BYD, Guoxuan Hi-Tech, and Anchi Technology. At present, Qingdao Haoxin plans to add 600 tons of carbon nanotube conductive agent production line.

　　According to the announcement, according to BYD and Guoxuan Hi-Tech's 2018 traditional battery production plan, the demand for graphene conductive agent of BYD is expected to be about 100 tons/month, and the demand for graphene conductive agent of Guoxuan Hi-Tech is about 200 tons/month.