EnergyTrend learned that Yichang Brunp Times New Material Co., Ltd. recently completed its industrial and commercial changes, with its registered capital increasing from approximately 160 million yuan to 700 million yuan, representing a capital increase of about 337%.

Equity penetration data from Qichacha shows that Yichang Brunp Times New Material is 100% owned by Guangdong Brunp Recycling Technology Co., Ltd. Guangdong Brunp Recycling is an important industrial platform for CATL, which holds approximately 64.57% of its equity, making Yichang Brunp Times an indirectly controlled enterprise of CATL.

 In terms of business scope, Yichang Brunp Times primarily engages in the R&D, manufacturing, and sales of specialized electronic materials, while also covering business areas such as the import and export of goods and technologies, as well as R&D in resource recycling and new material technologies, adapting to the requirements of battery material R&D and industrialization.

Additionally, on July 4, the Brunp Full-Chain Integrated Industrial Park's 500,000-ton/year Advanced Battery Materials Project completed its registration filing for new construction, with Yichang Brunp Times New Material Co., Ltd. serving as the main entity behind the project. Located in the Yichang High-Tech Zone, the project will construct production lines for advanced battery materials, complete with supporting utility and environmental protection facilities.

Source：EnergyTrend