On May 6, Hubei Huasheng Xianghe New Energy Materials Co., Ltd. underwent an industrial and commercial registration change, with BYD added as a new shareholder holding a 15% stake. At the same time, the company's registered capital increased from Yuan 600 million to approximately Yuan 710 million.
Huasheng Xianghe was established in December 2021, and it is a subsidiary of Jiangsu HSC New Energy Materials Co., Ltd. BYD's equity investment in Huasheng Xianghe is evidently aimed at strengthening its upstream supply chain security.
HSC New Energy is a global leading manufacturer of electrolyte additives, with its main products being vinylene carbonate (VC) and fluoroethylene carbonate (FEC). The company currently has a total annual production capacity of 20,500 tonnes. In 2025, based on sales volume, Huasheng Lithium held a 15.2% global market share in electrolyte additives, with product purity reaching up to 99.9999% (6N grade). The company has entered the supply chains of the world's top ten electrolyte manufacturers, covering all mainstream battery producers.
Edited by Cassie Li, lixiangying@mysteel.com
