Recently, BeiTruy (Beitrui New Materials Group Co., Ltd, stock code: 835185.BJ), the current leader in market capitalization on the Beijing Stock Exchange, welcomed a group of institutional investors for the first time since the Spring FestivalNotably, a significant number of these institutions were foreign, highlighting the growing international interest in the companyAccording to data from Wind, as of February 14 at approximately 19:30, a total of 183 institutional investors participated in the research activities of 14 different companies listed on the Beijing Stock Exchange over the course of the weekAn investor relations activity report issued by BeiTruy on February 13 detailed that major foreign institutions including JP Morgan, Invesco Global, and Point72 Asset Management among others have recently made inquiries into the workings of BeiTruy.

During these discussions, BeiTruy emphasized the competitive landscape of the negative electrode industry, revealing that there has indeed been an influx of new entrants, including companies engaged in graphite processingDespite this intense competition, BeiTruy reassured investors that the top companies in the sector have managed to maintain a relatively stable footholdAs the industry evolves and the market undergoes a cleansing process, it is anticipated that the competitive dynamics will start to stabilize, thereby solidifying the positions of leading enterprisesCompanies that possess advantages in technology, scale, and cost management are expected to benefit, while weaker firms may find it increasingly challenging to survive in a competitive market.

On the topic of advancements in their positive electrode business, BeiTruy explained that in recent years, their lithium iron phosphate (LiFePO4) segment has significantly increased its market share, which has, to some extent, squeezed out some of the market for ternary materialsThe future of ternary products relies on breakthroughs in technological innovation

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The company is actively working to innovate and optimize processes to lower the production costs of ternary materials while enhancing the performance of their products, in an effort to develop competitive positive electrode offerings.

Currently, BeiTruy has an annual production capacity of 575,000 tons for negative electrode materials, largely bolstered by the successful launch of its first phase of an 80,000-ton project in IndonesiaThe company also reports a 63,000-ton annual capacity for positive electrode materialsAdditionally, BeiTruy has a silicon-based negative electrode capacity of 5,000 tons per year, leading the industry in terms of shipmentsThey have plans for further development, including a silicon-based negative electrode project in Shenzhen, which will progressively come online based on downstream customer demand and market needsTheir silicon-based negative electrodes span three routes: silicon-carbon, silicon-oxide, and newly developed vapor phase siliconThe company has gained recognition from several key global power clients within the arena of new vapor-deposited silicon-carbon products, with mass production expected to commence by 2025. Their innovative efforts have led to the development of a new rapid-charging silicon-carbon negative electrode that balances high density and low expansion, successfully completing tests with major 3C battery manufacturersFurthermore, BeiTruy is actively customizing its products to meet the diverse requirements of various markets, with small-scale applications in electric tools, consumer appliances, eVTOL (electric vertical takeoff and landing), and solid-state batteries.

It is noteworthy that BeiTruy’s next-generation silicon-based negative electrode products were successfully integrated into the supply chain of top international clients in 2024. The company achieved a significant breakthrough with its participation in the large cylindrical battery project series titled “46” both domestically and internationally

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By the end of 2024, the project focused on the "Development and Industrialization of Silicon-based Negative Electrode Materials for High Energy Density Lithium-ion Batteries," co-led by BeiTruy, was awarded the First Prize of the Beijing Science Progress Award, marking a major achievement in the field.

When queried about plans for future investments, given the considerable amount of capital previously allocated to various enterprises, BeiTruy clarified that these investments were mainly undertaken through shareholding arrangements aimed at stabilizing their supply chainLooking forward, the company intends to explore investment opportunities in both upstream and downstream industries, depending on market conditions.

Addressing the international market, BeiTruy shared that the company had strategically positioned itself overseas and successfully launched its first phase of a project in Indonesia, which has provided a substantial number of overseas ordersThe second phase of the Indonesian project is slated for production later this year, while efforts to advance a project in Morocco are also underwayThis proactive strategy places BeiTruy in a formidable position within the global supply chain for such materialsThey maintain an optimistic outlook for the future development of their overseas market.

To deepen their market engagement, BeiTruy is focused on a strategy that builds strong ties with key clients through customized product development, ensuring a steady and stable business expansionShould they manage to increase their market share with their major clients, BeiTruy is confident of achieving a growth rate that exceeds the average growth rates within the industry, even in an overall context of average industry growth.

BeiTruy specializes in the research, production, and sale of lithium-ion battery materials, including negative and positive electrodes as well as advanced new materialsTheir primary products cover natural graphite negative electrode materials, artificial graphite negative electrode materials, silicon-based negative electrode materials, and high-nickel ternary positive electrode materials

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