China Sun Group High-Tech

Last updated
China Sun Group High-Tech Co. Ltd.
Company type Public
OTC Pink  No Information: CSGH
Industry Batteries
Founded2004;20 years ago (2004)
Headquarters Dalian, China
Key people
Bin Wang, (CEO & president)
Products Lithium ion battery components
RevenueIncrease2.svg US$25.3 million (2008)
Increase2.svg US$6.7 million (2008)
Number of employees
258 (2008)

China Sun Group High-Tech Co. Ltd., through its operating company, Dalian Xinyang High-Tech Development Co. Ltd (DLXY), is a large producer of cobaltosic oxide and lithium cobalt oxide, both anode materials for lithium ion batteries. According to the China Battery Industry Association, [1] which conducts research of and puts forth reports on the battery industry, China Sun Group has the second largest cobalt series production capacity in the People’s Republic of China.

Contents

Lithium batteries are becoming widely used due to their power capacity, long service life, and compatibility with carbon cathode materials, necessary for battery circuitry. DLXY’s current operations are solely in the People’s Republic of China

China Sun Group was put into receivership in 2018 when the Delaware Chancery Court appointed Robert W. Seiden of The Seiden Group as Receiver. [2]

Dalian Xinyang

Dalian Xinyang High-Tech Development Co. Ltd (the “DLXY”) was registered as a limited liability company in the People’s Republic of China on August 8, 2000 with its principal place of business in Dalian City, Liaoning Province, the People’s Republic of China. Its initial registered capital was Renminbi Yuan (“RMB”) 5,500,000, contributed by Sun Group High Technology Development Co., Ltd, a limited liability company registered in Dalian City, Liaoning Province, the People’s Republic of China, and Ms. Li Zhi, a citizen of the People’s Republic of China. Prior to April 2006, DLXY’s principal activity was acting as a research center to develop technologically feasible nanometers to be used in lithium batteries and generated no revenue. It was considered as a development stage company. In April 2006, DLXY began production and sales of cobaltosic oxide which is used as the anode of high capacity lithium ion rechargeable batteries. Sales are made primarily to battery manufacturers. Currently, all of DLXY’s operations and customers are located in the People’s Republic of China.

Market information

China Sun Group trades over-the-counter in the United States under the ticker symbol OTC Pink : CSGH. [3]

On August 24, 2007, DLXY was reincorporated from North Carolina to Delaware and changed its name to China Sun Group High-Tech Co. The par value of common stock of China Sun Group High-Tech Co. is $0.001 per share.

In 2008 China Sun Group was honored with the Leading Enterprise of 2008 China Enterprise Image Award. [4]

According to finance.yahoo.com (year: 2016), the company website is www.chinasungrouphightech.com, but that domain is for sale and the url https://web.archive.org/web/20090815023709/http://www.china-sun.cn/ (cited as reference) shows only a test page, raising serious doubts whether or not this is a bonafide company. [5]

Development and testing

In 2008 China Sun developed a next generation “green” power source in the form of lithium iron phosphate (LiFePO4) that can be built into batteries that power electric cars, hybrids, scooters, and other state-of-the-art electronic devices.

The first batch of lithium iron phosphate energy productions came out of China Sun Group’s production lines in April 2009. In June, China Sun Group entered into contracts with four battery production companies to begin testing samples of lithium iron phosphate. Once this testing is complete, the company plans to begin mass marketing the product domestically. [6]

The testing involves running the batteries on the natural attenuation rate curve, which measures the rate of decay over time on a curve. Early reports have indicated that customer testing indicated good consistency with little decay, which is very promising given the market potential for the products in several major Chinese provinces.

See also

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4
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1+x
Al
x
Ge
2-x
(PO
4
)
3
. LAGP belongs to the NASICON family of solid conductors and has been applied as a solid electrolyte in all-solid-state lithium-ion batteries. Typical values of ionic conductivity in LAGP at room temperature are in the range of 10–5 - 10–4 S/cm, even if the actual value of conductivity is strongly affected by stoichiometry, microstructure, and synthesis conditions. Compared to lithium aluminium titanium phosphate (LATP), which is another phosphate-based lithium solid conductor, the absence of titanium in LAGP improves its stability towards lithium metal. In addition, phosphate-based solid electrolytes have superior stability against moisture and oxygen compared to sulfide-based electrolytes like Li
10
GeP
2
S
12
(LGPS) and can be handled safely in air, thus simplifying the manufacture process. Since the best performances are encountered when the stoichiometric value of x is 0.5, the acronym LAGP usually indicates the particular composition of Li
1.5
Al
0.5
Ge
1.5
(PO
4
)
3
, which is also the typically used material in battery applications.

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References

  1. "CLII--China Battery Industry Association". Archived from the original on 2008-12-03. Retrieved 2009-09-21.
  2. "Order for Entry of Default Judgment and Appointment of a Receiver Filed in the Court of Chancery in the State of Delaware. Case No. 2017-0849" (PDF). Archived from the original (PDF) on 2019-04-10. Retrieved 2019-04-10.
  3. "CSGH stock quote - China Sun Group High-Tech Co. Stock price - NASDAQ.com". Archived from the original on 2011-06-22. Retrieved 2009-08-08.{{cite journal}}: Cite journal requires |journal= (help)
  4. "China Sun Group High-Tech Co. Honored with Leading Enterprise of 2008 China Enterprise Image Award".{{cite journal}}: Cite journal requires |journal= (help)[ permanent dead link ]
  5. "CHINA SUN GROUP HIGH-TECH CO (CSGH) Company Profile & Facts".
  6. "China Sun Group High-Tech Co. Signs Contracts With Four More Battery Companies to Begin Testing on Eco-Friendly Product".{{cite journal}}: Cite journal requires |journal= (help)[ dead link ]