This is one of the main reasons why Sun Jian spent huge sums of money to acquire Chaoyang Battery Factory. Not many people in China know that ATIC has been in the lithium battery field in Silicon Valley for three years. In May last year, TIC applied for manganese dioxide in WIPO and CPB at the same time. The company's invention patent for lithium-acid battery technology has caused a huge sensation in the industry.
The company's invention patent for lithium manganate battery technology is still in the patent disclosure stage.
Shuguang New Energy Research Institute continues to study the lithium iron phosphate battery project.
"Okay, Mr. Sun!"
Yu Jianguo is also happy that ATIC Angel Fund and ATIC Incubator have produced another major scientific and technological achievement, and he is also responsible for this.
Li Haoliang and Song Chunyun are both from Guangling. They graduated from the Department of Materials Science and Engineering of Zhejiang University. In 1987, they were admitted to the University of Texas at Austin with a combined master's and doctoral scholarship, and studied power batteries part-time while working part-time.
In May 1992, they graduated with doctorate degrees and their futures were bright. Influenced by Sony's successful commercialization of lithium cobalt oxide rechargeable lithium-ion batteries, the couple Li Haoliang and Song Chunyun spent the US$60,000 they had earned from part-time jobs over the years. Classmates and friends Jesse and Emily (the couple) also spent US$40,000, and the two raised US$100,000 to establish a lithium battery research laboratory to continue research on the rechargeable lithium cobalt oxide battery project that was not completed during the Ph.D.
After purchasing research equipment and materials, there was little research funding left. After being introduced by friends, Li Haoliang and Song Chunyun approached Yu Jianguo, took out 60% of the shares in the rechargeable lithium cobalt oxide battery project, and requested ATIC to provide US$500,000 in angel funds.
After Yu Jianguo reported to Mr. Sun, he agreed and invited Li Haoliang’s team to enter the ATIC incubator to start a business.
Yu Jianguo reported that Li Haoliang’s mentor was Goodenough, the inventor of lithium cobalt oxide, the cathode material for lithium batteries. However, Oxford University believed that this simple scientific research result did not have much market application prospects and refused to apply for a technology patent for him!
Goodenough, who is over seventy years old, has never had the slightest interest in business. He only likes to stay in the laboratory of the University of Texas and conduct research on battery materials.
Li Haoliang's team hired a Ph.D. in physics, a Ph.D. in chemistry and a battery technician.
Sony successfully developed a rechargeable lithium-ion battery in 1990 and launched it in 1991. The cathode (positive electrode) material of the battery is lithium cobalt oxide (lithium cobalt oxide) invented by Goodenough, and the anode (negative electrode) material is acetylene invented by Akira Yoshino. (C), using esters as the electrolyte.
Positive electrode reaction: lithium ions are intercalated during discharge and lithium ions are deintercalated during charging.
Negative reaction: lithium ions are deintercalated during discharge and lithium ions are intercalated during charging.
The working principle of rechargeable lithium batteries is very simple.
Although the reborn people know little about the manufacturing process and materials of lithium batteries, they are no strangers to the terms graphene, lithium cobalt oxide, lithium manganate, lithium cobalt nickel and lithium iron phosphate batteries. CATL’s ternary lithium batteries and BYD’s Lithium iron phosphate batteries have achieved cornering overtaking in new energy batteries and new energy vehicles. Zeng Yuqun of CATL, Wang Chuanfu of BYD and Musk of Tesla are familiar with it.
Those who are born again will definitely not miss the opportunity to invest in CATL, BYD and Tesla. The previous life was a profitable investment.
Once, when Sun Jian was inspecting the incubator, he saw the seven-member team of Li Haoliang and Song Chunyun studying rechargeable lithium cobalt oxide batteries in the laboratory. He was so upset that he forgot to eat and sleep. He privately told Li Haoliang and Song Chunyun that Sony's rechargeable lithium cobalt oxide batteries had already been developed. After three years of interviews, I have obvious advantages in output, quality, brand and price, and I have an absolute advantage in the industry! Cobalt metal is too expensive, and there are not many proven reserves in the world. Even if the research is successful, it lacks competitiveness in the face of Sony's rechargeable lithium batteries and has poor market prospects. However, domestic manganese ore reserves are abundant and the price is cheap. It is recommended to use lithium manganate to replace cobalt. Try lithium acid?
Li Haoliang and Song Chunyun's eyes lit up. The richest man in China is indeed no ordinary person! The instructor is also looking for cheaper metals to replace cobalt in the laboratory.
After the $500,000 angel fund was exhausted, the team of Li Haoliang and Song Chunyun proposed to work for ATIC and began research on the rechargeable lithium manganate battery project.
Of course Sun Jian was happy and promised in writing that if ATIC invested another US$5 million and the research was successful, the company's invention patent would belong to TIC, and Li Haoliang's team would be rewarded US$500,000 or enjoy 10% of the equity in a new energy technology company with a registered value of 50 million yuan.
Li Haoliang's team chose the latter without hesitation and signed the agreement. Li Haoliang, Jesses, Song Chunyun, Emily and the other three teammates owned 2 million shares, 1.5 million shares, 600,000 shares, 600,000 shares, and 300,000 shares respectively. Shares can be inherited and transferred after five years.
Sun Jian proposed using graphite as the anode material for rechargeable lithium manganate batteries?
The anode material acetylene and the cylindrical battery shape of Sony brand rechargeable lithium cobalt oxide batteries have applied for the company's invention patents.
Li Haoliang's team was so ashamed. Why didn't everyone think of it? I admire the richest man in China even more from the bottom of my heart.
ATIC invested US$3 million to purchase new experimental equipment and materials, established the Shuguang New Energy Research Institute, and appointed Li Haoliang as the director and Jesses as the deputy director.
Li Haoliang and Jesses recruited a Ph.D. in physics, a Ph.D. in chemistry, a Ph.D. in materials science, and a battery engineer to make up for the shortcomings of research members. The institute no longer had to worry about R&D funds. In April of this year, the lithium manganate battery project was successful and passed the expert group appraisal. TIC applied for the company's invention patent in WIPO and CPB at the same time.
Sun Jian awarded the institute US$200,000 to continue research on lithium iron phosphate batteries...
"Director Lin, I just received good news from the United States. Sugon New Energy Research Institute in the United States has just successfully developed a new lithium battery technology. Taobao Holdings and Sugon Communications Group have invested an additional 50 million yuan. investment with a registered capital of RMB 100 million.”
"Congratulations, Mr. Sun!"
District Chief Lin glanced at Director Song and sighed in his heart. After receiving a phone call, the richest Chinese man added an additional 50 million yuan in registered capital. Chaoyang New Energy Technology Co., Ltd. has a bright future.
Chaoyang New Energy Technology Co., Ltd. originally planned to have a registered capital of 50 million yuan. Taobao Holdings Company invested 30 million yuan (including 10 million yuan for technical shares), 30 million shares, holding 60% of the shares, and is the largest shareholder; Shuguang Communications Group invested 12.5 million yuan Yuan, 12.5 million shares, holding 25%, the second largest shareholder; Li Haoliang’s team invested 5 million yuan, 5 million shares, holding 10%, the third largest shareholder; Chaoyang New Energy Technology Company’s management and employees invested 2.5 million yuan , 2.5 million shares, holding 5% of the shares, the fourth largest shareholder.
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"Chaoyang New Energy Technology Co., Ltd. has issued 2.5 million shares. According to the price of 1 yuan per share, all employees are eligible for allotment. The allotment has dividend rights, allotment rights and voting rights, and can be inherited and transferred. However, investment is risky and you bear the risk at your own risk. Adopting the voluntary principle, management and technical personnel can allocate up to 40,000 shares, and ordinary employees can allocate up to 8,000 shares. The shares given up by management and ordinary employees will be allotted by Taobao Holdings."
The 322 registered cadres and employees competed for employment and implemented a two-way choice. They signed a new labor contract and confidentiality contract with Chaoyang New Energy Technology Company and became contract employees.
