Dow and Selen New Materials signed a strategic cooperation agreement to jointly support the development of new energy in China

▲Picture: Liao Yao, Chairman of Selen New Materials, and Huang Yingxue, Senior Commercial Director of Dow Packaging and Specialty Plastics Greater China, signed a strategic cooperation agreement on behalf of both parties

Dow Corporation (NYSE: DOW), the world’s leading materials science company, and Xalun New Materials (stock code: 002341), China’s leading new materials company for high-performance film materials and precision die-cut components, in April 2023 A signing ceremony was held on the 18th, and the two parties reached a strategic partnership in China for the first time. The cooperation aims to jointly accelerate the development and promotion of soft-pack lithium batteries and jointly promote the localization of new energy.

As a safe, lightweight and flexible design new energy source, soft-pack lithium batteries are widely used in 3C electronic products, electric vehicles, energy storage devices, etc. However, providing high-quality, stable-performance adhesives and integrated adhesive resin and modified resin solutions is a key factor in the upgrading and innovation of the aluminum-plastic film industry. Dow’s powerful R&D platform and one-stop adhesive and resin solutions can help the aluminum plastic film industry to optimize formulas and upgrade the industry. Dow and Selun New Materials signed this strategic cooperation agreement precisely to commit themselves to working together and developing together in the soft-pack lithium battery industry.

Dow’s one-stop solution:

Comprehensively empower the application of soft-pack lithium batteries in various fields!

Huang Yingxue Senior Commercial Director of Dow Packaging and Specialty Plastics Greater China

“Since 2020, Dow and Selen have been cooperating in the development of new materials for more than three years. With the joint efforts of both parties, we have formed a complete product development certification and quality control process, and have made good progress and completed the customer’s requirements. All certification processes have been completed, and batch supply has begun. This signing will continue to deepen the close exchanges and cooperation between the two parties in the field of materials. Dow will also continue to provide comprehensive and high-quality material solutions to empower Xinlun new materials to achieve better results in the future develop.”

Liao Yao, Chairman of Xinlun New Materials

“Over the years, the two parties have established a stable cooperative relationship based on mutual trust, understanding, and tolerance, and have achieved innovative breakthroughs in many fields such as modified particle materials. As one of the preferred suppliers and important partners of Selen new materials First, Dow’s strong R&D capabilities and rich R&D experience provide strong support for the development of new-lun materials. From then on, the two parties will expand the scope and scale of cooperation and contribute to accelerating the localization process of new energy.”

The signing of this strategic cooperation agreement will push the cooperation between the two parties to a higher level. In the future, both parties will continue to leverage their respective advantages, further deepen cooperation, promote the improvement of integrated aluminum-plastic film solutions for soft-pack lithium batteries, and will continue to invest in technological upgrades and innovations in adhesives and special plastics to jointly develop soft-pack lithium batteries. The application and development of aluminum-plastic film have gained momentum and accumulated energy.

About Dow

Dow Corporation (NYSE: DOW) combines global presence, asset integration and economies of scale, focused innovation and materials science expertise, leading business positioning, and environmental, social and governance (ESG) leadership , to achieve profitable growth and build a sustainable future. The company aims to be the world’s leading materials science company in innovation, customer orientation, inclusivity and sustainability. Dow’s portfolio of plastics, industrial intermediates, coatings and silicones businesses provides a broad range of differentiated, technology-based products and solutions to customers in high-growth markets such as packaging, infrastructure, transportation and consumer applications. Dow operates 104 manufacturing sites in 31 countries and regions around the world, with approximately 35,700 employees worldwide. Dow will achieve sales of approximately US$55 billion in 2021.

About Xinlun New Materials

Selen New Materials Co., Ltd. (abbreviation: Selen New Materials, stock code: 002341) was founded in 2002. It is a company that provides high-performance film materials and precision molds to customers in consumer electronics, smart display ports, automobile manufacturing and other industries. It is a new material enterprise that specializes in all kinds of components, and is committed to promoting the localization of new materials and the integration of the industrial chain, and becoming a leading service provider in the field of new materials. The company takes polymer polymerization, high-end precision coating and die-cutting processing technology as its core, and its business covers electronic functional materials, optoelectronic display materials, silicone materials, new energy materials, precision manufacturing and other fields, providing customers with one-stop solution services. .