Becoming Rich with Daily Scavenging APP-Chapter 567: Lithium-Sulfur Batteries

Of course, this does not mean that Rice’s response this time was without errors.

On the contrary, if Rice had been willing to refund part or all of the deposit to cancel orders when customers failed to pay or delayed delivery, thus avoiding conflicts with customers, it would have minimized public opinion.

Though legally speaking, Rice would suffer a loss, as indeed deposits should not be refunded.

However, when dealing with customers, being too calculative often results in greater losses.

Chen Yiyang held a meeting with executives this time and discussed this logic.

When conflicts arise with customers, the company would rather suffer losses than handle matters strictly according to the law. Customers provide profits, not enemies.

"Competition in the automotive industry is becoming increasingly fierce. Any small issue can be magnified by competitors.

From Longcheng to Lixiang, and now Rice, this trend is becoming more apparent. Yiyang Automobile must learn from these lessons. Alright, that’s it for the meeting."

Chen Yiyang concluded the meeting with Yiyang Automobile executives.

Then, Zhu Li, the head of Yiyang Energy, walked into the office.

Zhu Li was formerly Chen Yiyang’s assistant. Later, Chen Yiyang established Yiyang Energy as a middleman between Beifu Company and Ningde Era.

Zhu Li was also transferred to be in charge of Yiyang Energy.

"A North American company, Lyten, hopes to cooperate with us. This client was introduced by the company’s senior advisor, Schaefer."

A client introduced by Schaefer, what’s this nonsense?

Yiyang Energy was established to act as a middleman, absolutely not to develop external clients.

He has nothing to leverage, how is he supposed to develop?

Where did Schaefer find a fool to be a client for Yiyang Energy?

Chen Yiyang originally wanted to call Schaefer but couldn’t get through.

Therefore, he could only ask Zhu Li, "What is this Lyten all about?"

"Based on our findings, Lyten is a North American power battery company specializing in lithium-sulfur batteries and 3D graphene material research. Their company slogan is to establish a localized supply chain, eliminate reliance on foreign key minerals, and achieve duty-free and localized manufacturing advantages.

They recently announced a ten billion US Dollar investment to build a lithium-sulfur battery super factory in Nevada, planning to start operations in two years."

Uh.

Listening to Zhu Li’s introduction of Lyten, Chen Yiyang felt a sense of familiarity, as if he’d heard it somewhere before.

Where had he heard it?

Wait a minute.

Chen Yiyang finally remembered.

Isn’t this what he heard from Schaefer when he introduced Beifu before? The same words and descriptions.

It’s identical, with new technology plus localized production plus reduction of external reliance.

Beifu also obtained a lot of investment due to these claims back then.

What is the deal with this Lyten?

"Is lithium-sulfur battery a new technology?" Chen Yiyang asked.

"Yes, Mr. Chen," Zhu Li explained, "Lithium-sulfur battery is a secondary battery that uses elemental sulfur as the cathode and lithium metal as the anode. Its core parameters are significantly superior to traditional lithium-ion batteries.

Compared to traditional lithium-ion batteries, sulfur ion batteries have four notable advantages: one is ultra-high energy density, with currently applied sulfur ion batteries having energy density exceeding that of traditional batteries.

Secondly, low cost and environmental friendliness, as sulfur mines are abundant, cheap, non-toxic, and easy to recycle.

Thirdly, wide temperature adaptability, as sulfur ion batteries can work steadily from minus forty degrees to plus eighty degrees Celsius.

Even the Chinese Academy of Sciences has been able to make sulfur ion batteries operate at minus sixty degrees Celsius in laboratory conditions.

The last is the high power of sulfur ion batteries, facilitating quick discharge."

"Alright," Chen Yiyang reacted immediately after hearing this. "Now tell me about the drawbacks of sulfur ion batteries."

Listening to the advantages Zhu Li laid out, Chen Yiyang already understood in his heart that these were far from commercial application.

Because these advantages are too damn good.

As long as sulfur ion batteries can be produced for commercial use, they would absolutely replace all currently used batteries in the new energy sector.

But currently, he hasn’t heard of any company producing sulfur ion batteries on a large scale.

This can only mean that the drawbacks of sulfur ion batteries are more fatal.

"Regarding drawbacks, lithium-sulfur batteries have low energy density, storing relatively less energy within the same volume.

Plus sulfur is a reactive material, easy to cause explosions due to overheating. Additionally, lithium-sulfur batteries, if left unused for extended periods, suffer irreversible efficiency declines."

Hearing this explanation, Chen Yiyang sentenced lithium-sulfur batteries to death in his mind.

In the future, this type of battery might find a foundation for application in some niche fields, but for current commercial use in new energy vehicles, it absolutely has no utility.

Even if technology advances, the prospects of lithium-sulfur batteries are very limited.

Their flammable and explosive nature alone makes mainstream car manufacturers extremely cautious in applying these types of batteries.

Not to mention the irreversible reactions after prolonged periods of inactivity.

Given this, Lyten and Beifu are fundamentally no different.

They both are using impossibly realistic technology to swindle investments.

After Zhu Li returned, Schaefer brought a call for Chen Yiyang.

"My good brother," Chen Yiyang told Schaefer, "You introduced a client to Yiyang Energy, why didn’t you notify me in advance?"

"There’s been too much going on recently," Schaefer replied, "North America is way more fun than Europe, the women here are too enthusiastic."

"Uh."

"Alright, let’s talk business." Schaefer quickly switched to a serious tone, "A major shareholder of Lyten is a friend I recently got to know.

He heard that I am a senior advisor to Beifu and connected with me.

You probably already have an understanding of Lyten, they are hoping to secure investments through new battery technology and begin production, but there’s been a slight issue."

"Let me guess, the issue must be they’re unable to produce commercially viable lithium-sulfur batteries, right?"

"Correct, you got it," Schaefer confirmed, "Lithium-sulfur batteries are very easy to manufacture in the lab with existing technologies to fool investors in creating ready-for-use samples.

Yet, in commercial fields, the key drawbacks of lithium-sulfur batteries are hard to overcome, making it challenging to convince clients for widespread use.

So they urgently need a method to normally produce car batteries to persuade investors to continue investing.

Originally, they eyed Beifu. There are senior officials among Lyten familiar with Beifu’s specifics.

They initially thought Beifu’s bankruptcy was just a matter of time and planned to acquire Beifu’s factories to boost stock prices, tricking investors into further investments.

However, unexpectedly, Beifu recently began supplying batteries to clients normally.

Thus, following the clues, they found me."