Xinwangda 20 billion project ground breaking planning annual production of 30GWh power and energy storage battery

On February 26th, according to the news released by Zaozhuang National High-tech Zone, the construction of Xinwangda's annual 30GWh power battery project officially kicked off with an investment of 20 billion yuan at the recent ceremony for the start of major projects in Shandong Province in 2022. According to reports, the project, which covers an area of 1000 mu and a construction area of about 1 million square meters, is mainly for the construction of annual 30GWh power batteries, energy storage batteries and supporting production bases, and is currently the largest single investment lithium power industry project in Zaozhuang. After the completion of the project, the annual output value will be 30 billion yuan and the annual tax revenue will be 1.2 billion yuan.

Battery Network noted that before the start of this project, another power battery project of Xinwanda in Zaozhuang High-tech Zone was laid on January 19 this year, with a joint investment of about 5 billion yuan by Xinwanda, Geely Group and Zhejiang Geerun, covering an area of about 451mu. After reaching production, it is expected to achieve an annual production capacity of 800000 sets of hybrid batteries, with an annual output value of 6 billion yuan. The products of this project are mainly used for Geely to create a new second-generation HEV hybrid system with all independent intellectual property rights, which can be widely used in many Geely models, with the characteristics of low fuel consumption, low emission, high performance and so on.

Benefiting from the rapid penetration of new energy vehicles and the rapid increase in the demand for power batteries, according to the White Paper on the Development of China's Lithium-ion Battery Industry (2022) issued by EVTank and Ivy Economic Research Institute and China Battery Industry Research Institute, global lithium-ion battery shipments totaled 562.4 GWH in 2021, a sharp increase of 91.0% over the same period last year. Of this total, global shipments of automotive power battery (EVLIB) were 371.0GWhh, an increase of 134.7% over the same period last year.

In addition to Zaozhuang production base, Xinwanda has also laid out three major power battery production bases in Huizhou, Guangdong, Nanjing, Jiangsu, and Nanchang, Jiangxi, with investments of 2.41 billion yuan, 13.5 billion yuan and 20 billion yuan respectively, and planned annual production capacity of 4GWh, 30GWh and 50GWh. Up to now, Xinwanda has planned and built the annual production capacity of 129GWh power battery throughout the country.

With the vigorous development of Xin Wanda power battery business, in 2021, Xin Wanda power battery has been designated by 15 projects, and successfully entered the domestic power battery installed TOP10, and entered the global TOP10 in November. At the same time, the company's power battery system safety key technology and application won the "Guangdong Science and Technology Progress Award", and the wholly-owned subsidiary Xinwanda Electric vehicle Battery Co., Ltd. was awarded the national special new small giant enterprise.

According to data released by the China Automotive Power Battery Industry Innovation Alliance, in January 2022, Xinwanda's domestic power battery installed reached 0.23 GWH, accounting for 1.41% of the market share, a significant increase compared with the whole of 2021.

It is worth noting that in 2022, in order to further meet the strategic development needs of Xin Wanda's automobile power battery business, the company's board of directors successively agreed to 23 enterprises to increase capital in Xinwanda car battery. harvested from "Wei Xiaoli", SAIC Group, Dongfeng Group and other well-known car companies, as well as a number of investors increased capital of 3.33 billion yuan, all these funds will be used for the daily operation of Xinwanda automotive battery.