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Huayou Cobalt is a new high-tech enterprise founded in 2002 and specializing in research and development, manufacturing business of new energy Li-ion battery materials and new cobalt materials.
After ten years of development, Huayou Cobalt has accomplished headquarter layout in Tongxiang, resource guarantee abroad, manufacturing base in China and market layout in the world, formed three business segments including resources, nonferrous metals and new materials and created a new energy lithium battery industrial ecology from development and metallurgy of cobalt and nickel resources, intensive processing of li-ion cathode materials, to resource recycling and reusing.
Creating values for the clients and leading industrial development is our mission. Insisting on transformation path of “Controlling the Resources Upstream, Developing the Markets Downstream, Enhancing the Capability in the Middle” and the development strategy of “Two New Areas and Three Trends”, Huayou Cobalt aims to become the leader of global Li-ion new energy material industry at the same time of maintaining the international leadership in cobalt industry.

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The completion Ceremony Leyou New Energy Materials(Wuxi) Co., Ltd.was held.

The completion Ceremony Leyou New Energy Materials(Wuxi) Co., Ltd.was held.

    On September 10, the completion ceremony of Leyou New Energy Material Co., Ltd. was held in Xinwu District, Wuxi city, Jiangmin, vice mayor of Wuxi and Secretary of Xinwu District Party Committee, Chen Xuehua, chairman of Huayou, and Hong-Kyu Park, general manager of Leyou New Energy attended the ceremony and delivered speeches.   On behalf of Wuxi Municipal Party Committee and government, vice mayor Jiangmin expressed her warm congratulation on the completion of Leyou New Energy. Jiangmin pointed out in his speech that LG Chem, as the core main force of LG Group, has sized the “commanding heights” in the world of new energy vehicle power batteries and is in the leading position in the field of automotive power batteries globally. Zhejiang Huayou Cobalt is the world’s largest manufacturer of cobalt products, it has strong competitiveness and influence in the manufacturing of lithium new energy materials and deep processing of cobalt new material. Through this combination, Leyou New Energy Material (Wuxi) Co., Ltd. is expected to become the world’s largest new energy automotive power battery cathode material production base. We hope t hat Leyou will seize the opportunity of this completion, seize the development opportunity, strengthen the integration of scientific and technological innovation and industrial upgrading, and usher in greater development and create more brilliant achievements in the new starting point. At the same time, Wuxi Municipal Party Committee and Municipal government will continue to provide quality services for Leyou, work together with peers, forge ahead, to realize the soonest commercial production.   Due to the impact of Covid-19, vice chairman and CEO of LG Chem, Shin Hak Cheol was unable to attend the ceremony. He made a special video to congratulate the completion of the project, thank the Wuxi Municipal Party Committee and Wuxi Municipal Government for their strong support in the construction of the project, and pay high tribute to the team for their hard work. For the future development of the joint venture company, vice chairman Xin Xuezhe is full of confidence and expectations first, with the support of advanced manufacturing technology and management level, strengthen the scientific research, strengthen the market leading key technologies to conquer and control, and strive to become the most competitive cathode material production enterprise, second, we should continue to adhere to the business philosophy of customer-orientation and creating value for customers. In the fierce market competition, we should respond quickly to customers’ demands and constantly seize market share. “When all men are of one mind, their sharpness can cut gold.” Shin Hak Cheol said LG Chem will spare no effort to build Leyou into a first-class lithium cathode material manufacturer and market contributions to the economic and social development of Wuxi.    “From the moment Huayou Cobalt cooperated with LG Chem, we were convinced that we would have today’s harvest.” Chairman Chen Xuehua said firmly in his speech that Leyou project is a successful transnational cooperation between Chinese enterprises and Korean enterprises, and a strong cooperation between cobalt industry leader and battery giant. Cooperation and win-win future are the unswerving development philosophy of Huayou. The completion of the project marks the fruitful cooperation between Huayou Cobalt and LG Chem. At the same time, the completion of the project means that Leyou company stands at a new starting point and sets foot on a new journey. On the new journey, I hope Leyou will show its strong competitiveness in the fierce market competition and make outstanding contributions to the new energy material industry. Huayou Cobalt is willing to cooperation with LG Chem in more fields and wider space to realize common growth. Chairman Chen also hopes that the Wuxi Municipal Party Committee, the municipal government and the development zone will continue to care about and support the operation and development of Leyou, and write a new chapter for the pearl of Tai Lake.   General manager of Leyou New Energy, Hong-Kyu Park said in his speech, as China’s major national strategy, “Yangtze river delta integration development strategy” settles its core in Wuxi city, this city has a unique geographical advantages and industrial foundation, Leyou New Energy and Wuxi would like to develop together with the city, and to contribute to the beauty and prosperity of the city by our hard working. It took Leyou New Energy one and a half year to complete the construction, during this period, we have gone through difficult times such as the impact of Covid-19, with the strong support of Wuxi Municipal Party Committee, government and high-tech Zone, we have overcome numerous difficulties together and achieve many achievements. Leyou will continue to make efforts to lead the future of global power battery with the best products and make new
Huayou Cooperates with Toyota Motor and Toyota Tsusho In Co-Constructing the Research Project on Cascade Utilization Technology for Retired Electrical Vehicle (EV) Batteries

Huayou Cooperates with Toyota Motor and Toyota Tsusho In Co-Constructing the Research Project on Cascade Utilization Technology for Retired Electrical Vehicle (EV) Batteries

As a new-energy manufacturer of lithium battery materials, Huayou has established multiple channels to recycle "urban mine resources" and a guarantee system that secures the supply of renewable resources while actively fulfilling its corporate social responsibilities. Huayou Recycling and Huayou Power, founded by Huayou in 2017, have been focusing on the cascade utilization and reuse of retired vehicle batteries, and carrying out relevant research, exploration and practice around the "integrated close-loop of new-energy lithium battery industry".  As of today, Huayou has completed the construction and commissioning of its "dedicated production line for recycling retired traction batteries". In addition, it has also successively initiated the research and application of cascade utilization in various scenarios such as energy storage, integrated storage-charging, reserve power supply and low-speed vehicles, and completed the development and promotion of the integration that covers the preliminary separation of cascade batteries → product R&D, manufacturing and BMS research of core technology→ business market model.  Toyota Motor Corporation (hereinafter referred to as Toyota), as a global vehicle manufacturer, has been dedicated to building a recycling society, where the dependence on resources can be reduced and global warming can be prevented. Since 2013, Toyota has established a circulation from "vehicle utilization → energy storage for cascade utilization → recycling" in the Ni-MH batteries loaded in its hybrid electric vehicles. As its strategy in the field of electrification and new energy advances, Toyota has also begun an exploration of material recycling and cascade utilization of ternary lithium batteries.  Toyota Motor Corporation (hereinafter referred to as Toyota), as a global vehicle manufacturer, has been dedicated to building a recycling society, where the dependence on resources can be reduced and global warming can be prevented. Since 2013, Toyota has established a circulation from "vehicle utilization → energy storage for cascade utilization → recycling" in the Ni-MH batteries loaded in its hybrid electric vehicles. As its strategy in the field of electrification and new energy advances, Toyota has also begun an exploration of material recycling and cascade utilization of ternary lithium batteries.    Toyota Motor & Toyota Tsusho & Huayou Project Launch Site     Pilot project overview  The cutting-edge technology for cascade utilization, adopted by Huayou in this empirical project, can be applied to the fields of cascade utilization of batteries, such as energy storage, storage-charging integration, solar panel based energy storage and reserve power supply, which is a technology with foreseeable technological prospects and application markets. Apart from exploring the promotion and application of related technologies and business models and providing advanced experience in using EV batteries, it will also stay committed to practicing the notion of responsibility that "harmonizes production and ecology and balances economic benefits and social contributions", adhere to green development, and facilitate the mutual improvement of the enterprise and the society while fulfilling social responsibilities. 
Forge more "generals" in Huayou by shaping, empowering and advancing souls amid challenges!

Forge more "generals" in Huayou by shaping, empowering and advancing souls amid challenges!

    On August 2, a special training for leaders of Huayou that focuses on soul-building and empowerment was held at the company's headquarters in Tongxiang. The group company invited a special guest - General Jin Yinan, Major General of the Chinese People's Liberation Army and former director of the Institute for Strategic Studies of the National Defence University of People's Liberation Army, who lectured on “The Generation of Generals-Thinking on Command and Decisive Winning”. Nearly 300 leaders, including Chairman Chen Xuehua, President Chen Hongliang, President Assistant and leaders at higher levels of the group, as well as cadres at the section chief rank and above in Tongxiang District attended the meeting.    "There is no soldier that cannot be defeated, and a rout can be like a landslide. But a general that cannot be defeated is the most intimidating, as there are no weak troops under a capable general." "A competent commander has to be selected before a battle, and the best training must be provided prior to the occurrence of casualties." "A general must arrange, operate and plan for the long-term, and must grasp a bigger picture that others won't see." During the three-hour lecture, General Jin Yinan, who combined his years of military career with an overall perspective, an extensive view, a severe course of logic and detailed cases, raised profound interpretations to the generation of generals, from the points of definition, ability and quality, as well as the education, training and experience for training generals in peaceful times.  "Behind every greatness is suffering. Corporate generals are also veterans in battle, and cultivated through hardships," explained in simple terms by General Jin Yinan, with a reference to Huawei's glorious and painful history of development and arduous struggle. The case is also true for companies and the "generals" leading them, who can only be resistant, long-lasting and healthier when caring about the overall national interest, embracing patriotism, and living through the scars of wounds. General Jin also quoted that there is only one kind of heroism on earth, which is to still keep loving your life after recognizing the truth of life. The three-hour lecture won the great respect of all the trainees and repeated applause echoed during intervals. At the end, the trainees also exchanged views with General Jin Yinan on relevant hot issues.    In his concluding speech, Chairman Chen Xuehua expressed his welcome and thanks to General Jin Yinan for attending this lecture held by Huayou and energizing the executives of the company. Chairman Chen said that General Jin Yinan provided us with a spectacular and lively lecture, which can be of great significance for our leaders to learn about the direction, brainstorm ideas, and further our work. Leaders must develop a far-reaching understand of the laws of history, development, and competition contained in the lecture, flexibly practice and effectively transform the knowledge learned today into work results, and internalize the gains of training as the passion for work.  "Leaders are shaped by experience, while generals are created by defeats! Spiritual energy is infinite," said Chairman Chen. Huayou has caught up with the good times for development, and also a golden opportunity period for Huayou's business. Leaders, as the successor of Huayou's business, must act in line with the Huayou Business Guiding Principle, shoulder the company's mission with an iron-like belief, forge ahead, and work hard for a long time towards Huayou's ideal. At the same time, we must utilize this lecture, an opportunity and a start to continuously shape and empower leaders, innovate mechanisms and systems, plan the growth path of leadership, and strengthen competitive selection, thereby cultivating more "generals" who can lead the team to victory!    Aside from the main venue in Tongxiang, three sub-venues of the special training were also set up in Quzhou, Beijing, and Indonesia, and witnessed by nearly 400 Huayou executives via video conferences.    After that, the company organized middle-level and above leaders to study and discuss the lecture by General Jin Yinan before communication of ideas.   
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Add: No.18 Wuzhendong Road, Tongxiang City, Zhejiang Province 

Value creation for clients, employee’s career growth, return for shareholder, contribution to sector and social responsibility. 

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