AVIC Lithium Power added 10 billion grades to invest in Jiangsu Phase IV Project and signed a contract.

On the morning of January 18th, the signing ceremony of the key projects in Jintan District of Changzhou City in 2021 was held in Tan, and the signing of the 10 billion-level AVIC Lithium Jiangsu Phase IV Project (25GWh) marked the breakthrough of 100GWh in mass production, under construction and new capacity of AVIC Lithium Power in 2021.

Liu Jingyu, chairman of AVIC Lithium, said that AVIC Lithium is highly recognized by the domestic market and customers, while vigorously promoting the global layout, Honda development is targeted, Guangfeng batch supply, Guangben fixed point, delivery is imminent, Smart mass production fixed point …. With the establishment of global brand promotion and channels, the company's products are exported to more than 20 countries and regions around the world, and have won the cooperation of several market segments, first and foremost and multinational government projects: European high-end yacht backup market ranks first, with a market share of more than 80%; India ranks first in the field of power batteries; French government bus projects are delivered in mass production; Japanese public projects are progressing smoothly. The company actively plans to lay out overseas institutions, set up European companies, provide customers with technical support and pre-sales and after-sales service, and quickly promote the landing of European factories.

According to the latest statistics of the global power battery market in 2020 released by South Korean analyst SNEResearch on January 13, the number of power batteries installed on electric vehicles in 2020 reached 137 GWH, an increase of 17% compared with the same period last year. Among them, AVIC lithium battery installed 3GWhs, ranking ninth.

According to the latest data released by the China Automotive Power Battery Industry Innovation Alliance, the total number of power batteries installed in China totaled 63.6 GWH in 2020, an increase of 2.3 percent over the same period last year. AVIC Lithium ranked fourth.

It is worth noting that on December 15, 2020, AVIC lithium battery investors changed from 6 investors such as Chengfei integration before the change to 35 investors. At the same time, AVIC Lithium Power also received Pre-A round financing, and its registered capital increased by 82.5% to 12.769 billion yuan.

There is speculation in the industry that AVIC Lithium this Pre-A round of financing, or to prepare for listing expansion, but also for its capacity expansion to provide funds and resources support.

It is understood that at present, AVIC Lithium Power has set up three major industrial bases in Changzhou, Luoyang and Xiamen; at the same time, the company is committed to the research and application of key technologies of power batteries to create a globally influential lithium battery science and technology innovation platform. Looking forward to the 14th five-year Plan, AVIC Lithium Power has a planned production capacity of more than 200GWh. while rapidly increasing production and expanding production, it has achieved a coordinated leap in quantity and quality.

On November 19, 2020, the syndicate signing ceremony of AVIC Lithium A6 project was held in Xiamen Branch of Construction Bank, and the project received 2.5 billion yuan of financial support. The latest news shows that on January 4 this year, AVIC Lithium A6 project has entered the installation and commissioning of plant equipment.

AVIC Lithium Power new lithium battery production line project with a total investment of 10 billion yuan, located in Tongxiang Gaoxin City, will build a highly intelligent, green and environmentally friendly advanced battery and power system benchmarking industry base in accordance with the industry-leading standards, which can form an annual 20GWh production capacity after reaching production. The first phase of the project (A6 project), with an investment of 5 billion yuan and a planned production capacity of 10GWH, has been put into production in the fourth quarter of 2020; the second phase has an investment of 5 billion yuan and a planned production capacity of 10GWH, which is planned to be put into production in 2022. In addition, the third phase of the project is under planning.