On November 16th, ONGOAL TECH and Tsingyan Electronics signed a strategic cooperation agreement, marking a joint effort to advance the research and market application of the dry electrode front-end process. The signing ceremony, themed "Innovation in Dry Electrodes, Shared Green Dynamics," took place at ONGOAL TECH's Zhuzhou Industrial Park. According to the agreement, both parties will collaborate extensively and synergize deeply in the research and development of manufacturing equipment for the dry electrode front-end process. This aims to establish a comprehensive strategic partnership.

Signing ceremony scene of the strategic agreement between ONGOAL TECH and Tsingyan Electronics

Dry electrode technology represents a new battery manufacturing process that eliminates the use of solvents during the electrode's production, significantly improving manufacturing efficiency and lowering production costs. This leads to substantial performance improvements in batteries and is a highly promising direction for process iteration. However, challenges still exist in achieving mass production for the dry electrode process.

Tsingyan Electronics has independently developed dry electrode technology, enabling low-cost preparation of electrode materials and significantly enhancing the volumetric energy density of the new battery manufacturing process. This innovative technology stems from the Advanced Energy Storage Materials and Devices Laboratory at Shenzhen Tsinghua University Research Institute and has reached an international advanced level.

In this strategic cooperation, leveraging ONGOAL TECH's industry-leading position in battery slurry solutions and Tsingyan Electronics' advanced dry electrode technology, both parties will jointly explore the development and innovative applications of equipment for the dry electrode front-end process. This collaboration aims to accelerate the successful industrialization of the technology, leading industry transformation and upgrading through collaborative innovation.

Address by Luo Caihua, Chairman of ONGOAL TECH

Chairman Luo Caihua of ONGOAL TECH expressed enthusiasm for the collaboration, highlighting the advantages of dry electrode technology in reducing battery costs and enhancing performance compared to wet processes. He looks forward to deep cooperation that integrates and leverages the strengths of both parties, achieving successful research and development of fully automated manufacturing equipment for the dry electrode front-end process. This endeavor aims to inject new momentum into the industry's development.

Address by Wang Chen, Chairman of Tsingyan Electronics

Chairman Wang Chen of Tsingyan Electronics stated that the in-depth cooperation with ONGOAL TECH signifies a powerful alliance between two leading enterprises. The strategic collaboration focuses on industrializing and scaling the disruptive dry electrode front-end process technology in the "new energy vehicle" field. The emphasis is on collaborative research and development of core component production processes and complete sets of equipment. By overcoming key technological challenges at scale, they aim to contribute to the sustainable development of the new energy vehicle industry, emphasizing cost reduction and efficiency enhancement. This strategic cooperation marks the starting point of mutual recognition and trust, with a commitment to establishing a shared intellectual property system and proprietary technology during the strategic implementation phase.

The signing ceremony was attended by Wulinyun, Secretary of the Party Working Committee and Secretary of the Tianyuan District Committee, Liu Yong, Director of the Tianyuan District Science, Industry, and Information Bureau, Liu Weiqiang, former Executive Deputy Dean of Shenzhen Tsinghua University Research Institute, Zhang Lin, Investment Director of Lihe Fund, along with some leaders from ONGOAL TECH and Tsingyan Electronics, who witnessed the signing.

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Group photo at the signing ceremony

After the signing ceremony, ONGOAL TECH and Tsingyan Electronics held a technical communication exchange on dry electrode technology, engaging in enthusiastic discussions and exchanges on the key bottlenecks and technical issues faced in the mass production of the dry electrode front-end process.