50GWh! AVIC Lithium signed a Cooperation Agreement with Chengdu Economic Development Zone on Power and Energy Storage Battery projects

On April 22nd, AVIC Lithium and Chengdu Economic Development Zone signed a project cooperation framework agreement, and the two sides reached a consensus on AVIC lithium 50GWh power battery and energy storage battery Chengdu base project.

Liu Jingyu, chairman of AVIC Lithium, said in his speech that AVIC Lithium has entered the top enterprise in terms of industry ranking, market share, product strength, customer loyalty and brand influence. At present, the customer's demand for us is far greater than the capacity supply, and the demand schedule is constantly ahead of schedule, so we need to make every effort to grab time, speed up, and achieve more mass production and delivery as soon as possible. The project signed this time is to build a manufacturing base of 50GWh power battery and energy storage battery, which will become an industry-leading, green and intelligent benchmarking base. This project will effectively promote the landing of upstream and downstream industries in Chengdu, support Chengdu's eastward strategy, and make significant contributions to regional economic development.

AVIC Lithium Power was founded in 2007, the products cover ternary and lithium iron phosphate two major systems, has set up Changzhou, Luoyang, Xiamen three major industrial bases. 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.

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

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.

In 2021, AVIC lithium battery installation continues to increase at the same time actively promote the progress of the layout of the power battery project.

According to the data of China Automotive Power Battery Industry Innovation Alliance, from January to March this year, the top 10 vehicles installed by domestic power battery enterprises are Ningde Times, BYD, LG Chemistry, AVIC Lithium, Guoxuan Hi-Tech, Funeng Technology, Honeycomb Energy, Yiwei Lithium Energy, Jiewei Power, and Ruipu Energy. Among them, AVIC lithium power ranked fourth, with 1.41 GWH installed, accounting for 6%.

On January 18, the signing ceremony of 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.

On February 26th, the third phase of AVIC Lithium 23GWh project began. Liu Jingyu said that this year the company has reached 100GWh in mass production, under construction and under construction. During the 14th five-year Plan period, the company's planned production capacity exceeded 200GWh. At the same time, we carry out overseas layout and strive to become an international leading company.

On April 6, AVIC Lithium A8 project syndicate successfully signed. The syndicate takes China Merchants Bank Guangzhou Branch as the lead bank, Minsheng Bank Changzhou Branch, Construction Bank Jintan Branch and Agricultural Bank Jintan Branch as the joint lead bank.