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Ionix Technology, Inc. (IINX) is a diversified company focused on expanding its presence and impact within the technology and logistics sectors. Recently, the company announced a definitive agreement to absorb Dalian Huagang Logistics Park Co., Ltd., a significant move that broadens IINX's operational capabilities and market reach.
The acquisition includes full control over Dalian Huagang and its subsidiary, Dalian Huagang Cross-Border E-Commerce Trade Co., Ltd., solidifying IINX's hold in the logistics sector. The logistics park spans 23,000 square meters, with 17,000 square meters dedicated to cold chain storage. This facility also provides spaces for logistics operations, office use, employee accommodations, and online broadcasting.
Initial investments in the park have reached USD 2 million, with an additional USD 1.65 million allocated for specialized refrigeration equipment, aiming for a trial run in June 2024. Following its launch, the park's cold storage capabilities and online sales channels are projected to generate annual revenues of USD 6.85 million and USD 13.7 million, respectively. The overall venture is expected to contribute approximately USD 7.8 million in annual net profits to IINX.
The driving force behind this strategic acquisition is Mr. Liu Yubao, a principal shareholder of IINX, who also serves as the legal representative and general manager of Dalian Huagang. Mr. Li Cheng, IINX's CEO, highlighted this development as a self-financed and self-developed project, emphasizing its potential positive impact on the company’s long-term growth and profitability.
As IINX continues to innovate and expand, this acquisition underscores its commitment to integrating advanced logistics solutions with e-commerce capabilities, thereby enhancing its operational efficiency and market competitiveness.
Ionix Technology (IINX) announced that its subsidiary, Huixiang Energy, has successfully submitted a patent application for a high rate rapid charge and discharge aluminum ion battery to the China Intellectual Property Administration, with acceptance confirmed on September 3, 2021 (Patent No: 202111008025.2). This innovation aims to improve the safety and cost-effectiveness of battery technology, specifically targeting electric vehicles and large-scale energy storage. CEO Li Cheng highlighted the potential value of this patent for the company and its shareholders.
Ionix Technology, Inc. (OTCQB: IINX) announced the launch of its new official website, replacing the previous one. The new site can be accessed at http://www.iinx-tech.com/, while the old website is no longer in use. This update aims to streamline communication and provide better information to stakeholders. Ionix operates in the photoelectric display and smart energy sectors, with multiple subsidiaries focused on various technological advancements.
Ionix Technology (OTCQB: IINX) recently participated in the 11th Beijing International Automobile Manufacturing Expo, held on June 9-10, 2021. This marks IINX's inaugural appearance at an international automotive energy exhibition. The company presented its revolutionary 12-minute fast charging battery at a press conference, establishing a partnership with Hiboss, who will exclusively source batteries from IINX for five years. This battery can operate efficiently between -40℃ and 60℃ and promises to enhance the competitiveness of Hiboss's electric vehicles.
Ionix Technology (OTCQB: IINX) announced a press conference on June 10, 2021, to launch the world's first 12-minute fast charging electric vehicle in collaboration with Hiboss at the Beijing International New Energy Automobiles Industry Expo. This represents IINX's first application of its fast charging technology in Hiboss's EVs, enhancing market competitiveness through significantly reduced charging times. The expo will host over 550 exhibitors and is anticipated to attract 50,000 professional visitors, highlighting the strategic importance of IINX's technology in the evolving electric vehicle landscape.
Ionix Technology, Inc. (OTCQB: IINX) has developed a first-generation aluminum ion battery, notable for its fast charging capability, achieving full charge in just 12 minutes. The battery boasts superior safety, as it does not overheat during charging, and offers adaptability in extreme temperatures, along with lower manufacturing costs. IINX will file for a U.S. patent for this innovation. CEO Li Cheng expressed confidence that this product will significantly benefit the company and its shareholders, positioning it as a new potential growth avenue.
Ionix Technology, Inc. (IINX) has announced a significant strategic partnership with Hiboss Electric Vehicle through its subsidiary, Huixiang Energy Technology. This collaboration includes a Purchase and Sale Contract for electric vehicle (EV) battery pack products valued at up to 0.3 billion USD over 30 months. The agreement is positioned as pivotal for IINX's expansion in the energy vehicle market, supported by Huixiang's advanced technology. CEO Li Cheng emphasized the mutual benefits and prospects for growth stemming from this agreement.
Ionix Technology, Inc. (IINX) announced that its subsidiary, Huixiang Energy Technology, has formed strategic partnerships with Gongjue and HiBoss Electric Vehicle. These collaborations focus on producing advanced electric vehicle batteries that offer fast charging within 10 minutes and a range of 600 KM. The project, estimated at over a billion RMB, aims to produce 50,000 vehicles annually. Both partners will utilize Huixiang's online platform for EV sharing and sales, enhancing market reach. Ionix's CEO expressed optimism regarding the impact on the new energy vehicle industry and market expansion.
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