First Anniversary Celebration

Reviewing the development milestones and setting sail with a new extreme attitude

At the conference, Zhou Yekai, General Manager of Paragonage, reviewed the company's achievements and milestones in the field of sodium-ion batteries through a keynote speech. General Manager Zhou Yekai said that founder and chairman Dr Hu Mingxiang has started research in the field of sodium-ion batteries since 2015, and is one of the pioneers in the field of sodium-ion batteries, and his core team has a composite background of research and development, production, management consulting, etc., which has accumulated rich industry resources and cutting-edge technology reserves.

Based on the strong professional and technical strength, the company has completed the complete R&D system from raw material inspection, cell preparation, process validation to solution, with a solid foundation for industrial development; it has established good cooperation with famous enterprises in the field of small power, power reserve and energy storage, and possesses the market advantage of transforming the market advantage and customer resources into the market advantage of sodium-ion battery sales; and it has the advantages of production technology, management experience and shareholders' resources, which are very advantageous. Advantage of production technology, management experience, shareholders' resource advantage, etc., very high quality development potential. Thus, in the case of full confidence in the company's development prospects, the company has recently completed two rounds of financing, the financing amount will be mainly used for pilot mass production line construction, downstream industrialisation of the aggregation will bring more competitive price system advantage.

In addition, general manager Zhou Yekai also revealed the company's strategic planning and development direction in the next few years. In order to meet the scale landing of sodium-ion battery applications, Paragonage has taken the lead in completing the basic research and development of the first generation of sodium-ion batteries, and plans to accelerate the entry into the pilot stage by the end of 2023, and scale commercialisation by 2024, so as to empower downstream applications as soon as possible, and to create commercial value for customers, and has already begun to start the construction of the 5GWh-compatible intelligent automated production line for sodium-ion batteries, which is expected to achieve annual sales of 1.5 million tonnes of sodium-ion batteries after reaching production. After reaching production, it is expected to achieve annual sales of more than 3 billion yuan and annual tax revenue of more than 250 million yuan.

Three series of sodium-ion battery products are re-launched

Cast quality batteries with the power of Paragonage

Batteries are facing the third leap, sodium-ion batteries, with its unique performance and cost advantages, its application scenarios across the energy storage, power backup, low-speed vehicles, small power and other fields, in the booming and constantly subdivided battery ecosystem has great potential. Dr. Hu Mingxiang, Chairman of Paragonage, said in the product release session that the company has already formed a rich product matrix, developing three sodium ion battery series products, including Paragonage Star X-Star, Paragonage Dragon X-Dragon, and Paragonage Mountain X-Mount, which can realize the five-dimensional radar surfaces of high energy density, high power density, long lifespan, high safety, and extreme cost. Comprehensive coverage.

It is reported that Paragonage's three sodium-ion battery core products can reach an energy density of 270Wh/L, a maximum cycle life of more than 6,000 times, the maximum discharge multiplier can reach 30C, and also has a good safety performance, in the pinprick, extrusion, high temperature and high voltage, overcharging and discharging, and other safety testing projects do not catch fire and explode. Through the integration and optimization of the process, Paragonage will further reduce the manufacturing cost and solve the problem that the industry is limited by lithium resources.

As a milestone achievement of innovative technology, the three series of sodium-ion battery products launched this time can solve the problems of journey anxiety, energy scheduling and energy storage, and will realize the full coverage of future application scenarios. In addition, Dr. Hu Mingxiang also said that in terms of battery form, in addition to the small cylindrical cells, square cells, and soft pack cells launched this year, large cylindrical sodium-ion batteries will also be launched at a later stage to continuously expand the application scenarios of sodium-ion batteries. As an emerging force in the new energy industry, Paragonage is unstoppable.

Hand in hand, win-win cooperation

Strive to write a new "Sodium Electricity Chapter"

In order to explore more diversified applications of sodium-ion batteries and to meet a broader market, Paragonage signed strategic cooperation agreements with nine companies, including Zhejiang Wolong Energy Storage System Co. Ltd., Shenzhen Flower Grower Technology Co., Ltd. and Shenzhen Fuqin Innovation Technology Co. According to the content of the agreement, all parties will carry out in-depth cooperation in the research and development of new energy technology, market expansion and other aspects, and jointly promote the sustainable development of the new energy industry, the signing of this strategic cooperation has undoubtedly injected strong momentum and confidence in the future development of Paragonage.

The success of Paragonage's 2023 Product Launch and 1st Anniversary Celebration marks the fact that Paragonage has gone from 0 to 1 in its sodium power strategy, and we are determined to "become a pioneer in the application of sodium ion batteries", and in the future, we will practice our corporate core values of "wasting no time and living up to expectations", and "not wasting any time and meeting expectations". In the future, we will practice the core value of "not wasting time, not living up to expectations", and further expand the application fields of sodium-ion batteries with the attitude of "catching up with the test first" to fully satisfy the needs of different types of customers for sodium-ion batteries, and promote the high-quality development of the new energy industry in China.