Ningde era invested another 1 billion to establish Xinjin era to increase capital Yongfu Dentsu plus code energy storage business.

Following the injection of 1 billion to establish a wholly-owned subsidiary Jiaocheng era on January 13 this year, Ningde era (300750) invested 1 billion to set up a subsidiary.

According to APP, Chengdu Xinjin Times New Energy Technology Co., Ltd. was established on February 1, with Wu Zhiqiang as its legal representative, with a registered capital of 1 billion yuan. Its business scope includes: emerging energy technology research and development; technology service, technology development, technology consultation, technology exchange, technology transfer, technology promotion; battery manufacturing; battery sales. Check equity penetration shows that the company is 100% controlled by Ningde Times New Energy Industry Investment Co., Ltd., which is a wholly-owned subsidiary of Ningde Times.

In addition to investing in the establishment of subsidiaries, Ningde era is also non-stop in terms of capital increase: on the evening of February 4, Yongfu shares (300712) announced that it planned to jointly layout the field of photovoltaic and energy storage with Ningde era. According to the cooperation plan, Yongfu shares intends to invest in Yongfu Dentsu, a wholly-owned subsidiary of Yongfu shares, in cooperation with Ningde Times, a shareholder with more than 5% of the company's shares.

According to the announcement, Yongfu shares and Ningde era capital increase / investment amounts of 35 million yuan and 66.2119 million yuan respectively (of which 6.2119 million yuan is included in the capital reserve). After the capital increase is completed, Ningde Times will hold a 60 per cent stake in Yongfu Dentsu, making it the largest shareholder, while Yongfu's shareholding will be reduced to 40 per cent.

Yongfu said that the purpose of this cooperation is to fully integrate the technological and resource advantages of Ningde Times and Yongfu, and to achieve in-depth cooperation and industrial layout in the field of new energy, especially in the field of photovoltaic + energy storage.

It is worth noting that in terms of capacity expansion, after a huge investment of 39 billion yuan, Ningde era threw 29 billion yuan to expand the production of lithium batteries. On the evening of February 2, Ningde Times announced that the company plans to invest in the construction of power and energy storage battery production base in Zhaoqing City, Guangdong Province, with a total investment of no more than 12 billion yuan. It is proposed to invest in the construction of the fifth and sixth phase of the power battery Yibin manufacturing base in the Lingang Economic and technological Development Zone, Yibin City, Sichuan Province, with a total investment of no more than 12 billion yuan. Time FAW Power Battery Co., Ltd., a subsidiary of the company, plans to invest in the expansion project of time FAW power battery production line in Xiapu County, Ningde City, Fujian Province, with a total investment of no more than 5 billion yuan.

On the same day, Ningde era also signed a strategic cooperation framework agreement with the Guangdong provincial government in Guangzhou. Ningde Times will invest in the construction of a lithium battery production base in Zhaoqing, Guangdong Province, with a planned construction capacity of 25GWhh and an investment of 12 billion yuan in the first phase. build a new energy industry chain including power battery cells, lithium materials, energy storage applications, battery recycling, new energy vehicles, drive motors and electric control, and carry out comprehensive cooperation in the frontier fields of the industry. The company strives to plan and build 150GWh lithium battery capacity and related supporting industries in Guangdong by the end of 2030, leading to the formation of a trillion-class industrial cluster of the whole new energy industry chain.