Guangxi NPN Energy Storage Technology Co., Ltd. (hereinafter referred to as NPN) is a high-tech enterprise registered in Mingyang Industrial Park, Nanning (national) Economic and Technological Development Zone in January 2012 with a registered capital of 35.29 million yuan. The company's main business is concentrated in the field of new energy vehicles and new energy storage, and is committed to the research, development and production of new environment-friendly battery materials and new environment-friendly lithium-ion electrode materials for power batteries. In recent years, the company has developed rapidly and is favored by many famous domestic investment enterprises. At present, NPN has been jointly invested by Guangxi Qinglangdihe Investment Management Center, Shenzhen Innovation Investment Group Co., Ltd., Shenzhen Kejinlian Daorunxin Investment and other companies

As the leader of power battery materials, Norfolk (formerly Guangxi BMB Technology Development Co., Ltd. established in 2006) is the first company committed to large-scale production of battery-grade iron phosphate precursor, with more than 10 years of rich experience, internationally leading technology and products recognized by customers at home and abroad. The total assets reached 270 million yuan, and the net assets exceeded 140 million yuan. In 2021, the sales revenue was 164 million yuan, the net interest rate was 17 million yuan, and more than 100 people were employed. In July 2022, it has achieved sales revenue of more than 400 million yuan and net assets of more than 200 million yuan.

The technical core of NPN is led by the Chinese-American (native to Guangxi Province) scientist, Guiqing Huang, a postdoctoral fellow of Harvard University, and Youde Mo, a postdoctoral fellow of Columbia University, and the academicians of Tsinghua University, Peking University, the Chinese Academy of Sciences and relevant research talents in this field. With the help of a group of experts such as the senior professor of lithium ion battery at MIT, the company has completed the key technology and equipment and obtained 6 US and 1 European invention patents, Five Chinese invention patents and more than 40 utility model patents were authorized. The company's products meet the development needs of China's high-performance and safe lithium-ion battery industry, link up with the national plan, break through the core technology and large-scale manufacturing process of lithium-ion batteries and their key materials, and combine the rich resources of phosphorus, iron, manganese, nickel and other resources as well as the advantages of energy and human resources in Guangxi Province to develop battery products with excellent cost performance in terms of energy, cycle life, processability and safety, Advanced level of international competitiveness. The well-known manufacturers of cathode materials in China, such as Jiangsu Beiteri, Inner Mongolia Shengvanadium, Sichuan Yuneng and Jiangsu Shenghua, have become our long-term strategic partners. The company is also committed to developing potential customers, such as Shenzhen BYD, Guoxuan Hi-Tech, etc

The current production scale of NPN is 60000 tons of battery grade lithium iron phosphate precursor annually. It is also expected to strive to achieve the capacity of 25000 tons of battery grade lithium iron phosphate by the end of 2022. In order to realize the economic leap of Guangxi, the company will cooperate with Nanning Industry and Investment Group to jointly build the Guangxi 10-billion New Energy Materials Industrial Park, making Guangxi an important production base of lithium ion electrode materials for power batteries in China and even the world, and making contributions to the development of Guangxi's new energy industry.

NPN is developing two projects: lithium rich manganese base cathode material and sodium ion battery material. Lithium-rich manganese based materials are expected to become a new generation of positive electrode materials for power batteries, and are good positive electrode materials for solid state batteries. Sodium ion battery materials will occupy a place in energy storage materials. Both of these new materials have obtained corresponding invention patents and can be industrialized when the time is ripe.