On the evening of July 31, Betray (835185.BJ) announced that Mr. Ren Jianguo has been elected as the company’s Vice Chairman, and Mr. Huang Youyuan, who currently serves as Executive Vice Chairman, will also assume the role of General Manager. Regarding this personnel change, Betray stated that, in order to better respond to the current challenging competitive environment and rapid market changes, the company’s board of directors has adjusted the positions of the aforementioned senior executives.
On the evening of July 31, Betray (835185.BJ) announced that Mr. Ren Jianguo had been elected as the company’s Vice Chairman, and Mr. Huang Youyuan, who currently serves as Executive Vice Chairman, would also take on the role of General Manager. Regarding this personnel change, Betray stated that, in order to better respond to the current challenging competitive environment and rapid market changes, the company’s board of directors had adjusted the positions of the aforementioned senior executives.
According to his resume, Huang Youyuan, born in 1981, graduated successively from the Department of Chemistry at Xiangtan University (majoring in Chemistry), obtained a joint Master’s degree in Science from the School of Chemistry and Molecular Engineering at Peking University, and earned a joint Ph.D. degree through a Sino-Japanese program at the Graduate School of Engineering, Kyoto University. Since January 2011, he has held various positions at Betray New Energy Technology Research Institute, including Director, Deputy General Manager, and Executive Vice Chairman.
The announcement indicates that this appointment and removal comply with relevant laws and regulations, including the Company Law, the Trial Rules for Stock Listings on the Beijing Stock Exchange, and the company’s Articles of Association, meet corporate governance requirements, and will not have any significant adverse impact on the company’s daily production and operations.
Betray specializes in the R&D and manufacturing of anode materials, cathode materials, and advanced new materials for lithium-ion batteries, continuously driving technological advancements in the industry. As of the end of 2023, the company has established robust production capacities of 495,000 tons per year for anode materials and 63,000 tons per year for ternary cathode materials. According to statistics from ICC Xinlin Information, Betray maintained its position as the global market leader in anode materials during the first half of 2024, firmly cementing its status as an industry frontrunner.
In the niche market of silicon-based negative electrode materials, Betray has also demonstrated strong market competitiveness. Although global production of silicon-based negative electrode materials in the first half of 2024 remained flat compared to the previous year, Betray’s annual production capacity for silicon-based negative electrodes has already reached 50,000 tons, and its shipment volume ranks among the industry leaders. In the first half of 2024, Betray’s market share in the silicon-based negative electrode market approached 70%, making it a dominant force in the market.
Betray’s pace of internationalization continues to accelerate as it seeks to further expand its share of overseas markets. In December 2023, the company announced plans to build a lithium battery cathode material manufacturing plant with an annual capacity of 50,000 tons in the Tangier Science and Technology Park in Morocco, with a total estimated investment not exceeding 3.535 billion RMB. On April 8, 2024, construction on the project officially commenced, marking a solid step forward for Betray on its path of international development.
Kaiyuan Securities has assigned Betray a “Buy” rating, noting that despite current low prices for both cathode and anode materials, Betray continues to lead in shipment volumes and is steadily advancing its capacity expansion, particularly with the gradual implementation of overseas projects in countries such as Indonesia and Morocco.
Looking ahead, Betray will continue to closely follow industry development trends, deeply explore the needs of overseas customers, and, in alignment with the company’s strategic development plan, carefully formulate its production capacity layout, accelerate the construction of overseas production bases, and gradually achieve global operations, striving to become a world-leading enterprise in the field of new energy materials.
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