On the evening of August 16th, Azure Lithium Core (002245) announced that Jiangsu Tianpeng Power supply, a wholly owned subsidiary of the company, recently received and confirmed the order documents of Germany's BOSCH, Group (Bosch for short). Based on the long-term cooperation between the two sides, Bosch chose Tianpeng Power supply as its long-term partner. The two sides confirmed that the total supply of 18650 ternary cylindrical lithium batteries in 002245 was 87 million, and the product specifications involved 1.5Ah, 2.0Ah and 2.5Ah. According to the current price, the total amount of the order is about 95.85 million US dollars.
It is reported that Bosch, founded in 1886 and headquartered in Stuttgart, southern Germany, is one of the top 500 companies in the world and a global leader in the field of power tools.
Tianpeng Power supply, founded in 2006, specializes in developing, manufacturing and selling intelligent travel, power tools, household appliances and small cylindrical lithium batteries for energy storage. By the end of 2020, the total investment has exceeded 2 billion yuan. At present, Tianpeng power supply lithium battery daily production capacity of 1.15 million, to achieve full production and sales.
The announcement shows that Bosch is an important customer of Tianpeng Power supply. Tianpeng Power sold 51.03 million yuan of lithium batteries to Bosch in 2020, accounting for 3.53% of the company's lithium battery business revenue in 2020. In the first half of 2021, the company has sold about 95 million yuan of lithium batteries to Bosch.
This order accounts for about 21% of Tianpeng's current lithium battery capacity and 12% of Tianpeng's estimated capacity next year.
Azure Lithium Core said that as Bosch's long-term partners, this order between Tianpeng Power and Bosch will help consolidate the position of high-end tools in the lithium battery industry, and provide a guarantee for Tianpeng Power's new production capacity to be put into production. Tianpeng Power is conducive to expanding and strengthening the ternary cylindrical lithium battery business.
Battery Network noted that Azure Lithium Core said in a research activity held a few days ago that at present, the company's lithium battery business remains at full production, and capacity bottlenecks will always exist for a long time, and the most important thing for the company at present is to build capacity.
According to reports, in terms of capacity under construction, Azure Lithium Core Zhangjiagang Plant Phase II has a new lithium battery capacity of about 300 million, the main body of the project has been capped, and is expected to be successfully put into production in the fourth quarter of this year. After it is put into production, Tianpeng power supply lithium battery production capacity will exceed 700 million. At the same time, the first phase of the Huaian plant aims to gradually put into production by the end of next year. At present, the project filing of the National Development and Reform Commission has been completed, and other work such as environmental assessment is being done.
In addition, on March 5, Azure Lithium Core also disclosed a fixed increase plan, and the total amount of funds raised by the company in this offering does not exceed 1.5 billion yuan, which is intended to be used for the annual production of 1 billion AH high-safety, long-life, high-energy density new lithium-ion battery expansion project and 2 billion AH annual high-efficiency new lithium-ion battery industrialization project after deducting the issue cost. The former has a total investment of 1.256 billion yuan and intends to raise 600 million yuan, with Jiangsu Tianpeng Power supply Co., Ltd., a wholly owned subsidiary of the company, as the main body of the project, while the latter has a total investment of 2.35 billion yuan and intends to raise 900 million yuan. The company or its holding subsidiary will set up a new subsidiary in Huai'an as the main body of the project. At present, the company's application for fixed increase has been accepted by the CSRC.
According to the annual performance forecast of Azure Lithium Core for the first half of 2021, the company expects the net profit attributed to shareholders of listed companies to reach 320 million yuan to 350 million yuan in the first half of this year, an increase of 346.31% Mel 388.15% over the same period last year.
![Lithium Carbonate Market Weekly Review: 8.31-9.3 spot lithium carbonate prices rose first then fell, overall downward trend [SMM Weekly Review]](https://imgqn.smm.cn/usercenter/PPLUj20251217171727.jpg)
