Rain moistens everything and brings vitality. On June 18, 2024, the first phase of the all-solid electrolyte mass production project of Ruigu (Quzhou) New Materials Technology Co., Ltd. (hereinafter referred to as "Ruigu New Materials") held a groundbreaking ceremony. A total of more than 60 people including Ruigu New Materials Chairman Wang Canchong, General Manager Jiang Guchen and representatives from all parties attended the ceremony to witness this important moment.

Wang Canchong, chairman of Ruigu New Materials, said in his speech that with the care and support of governments at all levels in Quzhou and Longyou, the project was implemented efficiently and started smoothly as scheduled. Wang Canchong believes that with the vigorous development of China's new energy industry, the launch of Ruigu New Material's first production line in Longyou, Quzhou marks the beginning of a new era. The implementation of this production line not only represents Ruigu New Material’s firm determination in technological innovation and industrial layout, but also a strong impetus for the future development of China’s new energy industry.

Zhejiang New Taipei Park Development Group Co., Ltd. and various participating units made speeches successively.

At a good time, a new chapter begins.

With the grand announcement by the host, the first phase of the Ruigu New Materials all-solid electrolyte mass production factory project officially opened. Leaders and guests participating in the ceremony jointly laid the foundation for the project. Gun salutes were fired and thunderous applause was heard. Guests attending the ceremony Let’s celebrate the complete success of the “Starting Ceremony of the Phase I Mass Production Project of Ruigu New Materials All-Solid Electrolyte Project”.

Reashell (Quzhou) New Material Technology Co., Ltd. was established on September 22, 2023. It is a high-tech enterprise under Reashell Technology focusing on the research, development and manufacturing of new energy battery technology. Relying on the core technology of its parent company, Reashell (Shanghai) New Energy Technology Co., Ltd., the company is committed to the research, development and production of sulfide-based solid electrolytes, aiming to promote the development of the domestic new energy industry through the world's leading new energy battery technology.

Ruigu New Materials focuses on the R&D and production of sulfide-based solid electrolytes. It has now been able to independently achieve mass production of various types of sulfide-based solid electrolytes. It is currently located in the all-solid-state electrolyte quality production plant in Longyou County, Quzhou City, Zhejiang Province. It will be constructed in two phases with a total investment of 1.3 billion yuan. After reaching full capacity, it will achieve the production target of more than 6,000 tons of all-solid electrolyte per year.

The successful opening ceremony of the first phase mass production factory project of Ruigu New Materials' all-solid electrolyte marked the official start of the project's construction and its entry into the substantive construction stage. As a key material for all-solid-state batteries, sulfide-based solid electrolytes greatly affect the industrialization process of all-solid-state batteries. Through the implementation of this project, Reashell Technology has further consolidated our leading position in the field of solid-state batteries, and It has injected new vitality into the industrial development of domestic solid-state battery materials and accelerated the industrialization process of all-solid-state batteries.