![]() ![]() On June 21 this year, REPT commences construction on a new manufacturing base in Hainan. Besides having a diverse product portfolio, the company’s client base comprises both established car manufacturers and startups that focus on electric cars. The company has developed automotive power batteries for a wide range of vehicle types, including passenger vehicles, commercial vehicles, and vehicles that serve other specific functions. REPT’s offerings for automotive power batteries include LFP and ternary products. It also grabbed the media’s attention recently for its unsuccessful attempt to short the nickel market. As for Tsingshan, it is one of the world’s major producer of nickel and stainless steel. REPT specializes in the development, production, and sales of Li-ion batteries that are used in electric cars and energy storage systems. REPT was established in 2017 and is one of Tsingshan’s subsidiaries that are involved in the field of new energy technologies. The exact details on the development of a battery manufacturing process that is, on the whole, free of carbon emissions have yet to be fully disclosed. The goal is to attain a total of 150GWh per year for battery production capacity based a “zero-carbon” process by 2025. As for overseas manufacturing projects, the company plans to build bases in Indonesia and Europe in the future. The company is simultaneously setting up the following manufacturing projects in China: Phase 3 of Wenzhou Base, Foshan Base, Jiashan Base, Liuzhou Base, and Hainan Base. REPT is currently adding new production capacity at home and abroad. Tsingshan Holdings Group has announced via its official WeChat account that its subsidiary REPT BATTERO Energy (REPT) has built up 32.6GWh per year of production capacity for batteries.
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