The Dalian Economic and Information Technology Committee has provided the funding to China Sun Group to enhance its product research and development of LIP, the main raw material used in lithium power batteries.
China Sun Group is one of only nine companies to receive this government subsidy to develop technology for use in the automobile industry.
By offering these subsidies, the government aims to accelerate re-construction of Dalian’s traditional industries and promote the development of new key technologies by companies based in Dalian.
Bin Wang, chairman and CEO of China Sun Group, said: “China Sun Group is committed to being a leading anode material supplier for Li-ion batteries used in the new energy automobile industry, and we continuously strive to provide our clients with high quality products.
“I am delighted to receive this honor, which will help China Sun Group contribute to the development of the new energy automobile industry in China and Dalian by increasing our research and development investment and expanding our marketing channels.”
