Hailiang Co., Ltd. plans to put 8.9 billion yuan into production of 120000 tons of lithium, electricity, copper foil and other projects.

With the rapid development of new energy vehicles, the demand for power batteries is increasing exponentially, and the demand for high-performance lithium copper foil is also increasing rapidly. Hailiang shares in the construction of lithium copper foil is expected to become an important entry point into new energy copper-based materials. With the stable development of the global digital product market, lithium battery is widely used in energy storage. The rapid growth of downstream lithium battery market has also led to an increase in the demand for lithium copper foil.

On the evening of November 7th, the domestic copper processing leader Hailiang shares announced that it planned to invest a huge amount of 8.9 billion yuan to build a high-performance copper foil material project with an annual output of 150000 tons. It is reported that after the project is put into production, the company will form a high-performance copper foil production capacity of 150000 tons / year, including lithium copper foil 120000 tons / year, standard copper foil 30, 000 tons / year.

The investment of the project is 8.9 billion yuan, including 6.9 billion yuan in fixed assets investment and 2 billion yuan in working capital.

According to the announcement, the project will be built in three phases, with 50,000 tons each. The first phase of 25000 tons is scheduled to be put into production in the fourth quarter of 2022, and the rest will be put into production in the second quarter of 2023; the second phase and two 25000 tons will be put into production in the second and fourth quarters of 2024, respectively; and the third phase and two 25000 tons will be put into production in the second and fourth quarters of 2025, respectively.

Data show that Hailiang Co., Ltd. mainly produces copper tubes, copper bars, copper pipe fittings and other products, and has 19 production bases at home and abroad. According to the third quarterly report, the company's revenue in the third quarter was 49.441 billion yuan, an increase of 43.57% over the same period last year; the net profit returned to its mother was 923 million yuan, an increase of 70.09% over the same period last year; and the monetary capital at the end of the third quarter was 4.857 billion yuan.

Hailiang shares said that the company pays close attention to the development trend of the global copper foil market, gives full play to the rich experience, capacity and global advantages of setting up factories abroad, and will further speed up the detailed investigation of the overseas copper foil market. a comprehensive demonstration of the feasibility of building an annual copper foil project with an annual capacity of 100000 tons in Europe, the United States and Southeast Asia, and will actively look for opportunities for cooperation and mergers and acquisitions of high-quality copper foil production enterprises.