Heavy! Xiaomi car self-made lithium battery!

After investing in four power battery companies, Xiaomi decided to "play" in person!

According to Tianyan check information, Xiaomi Automotive Technology Co., Ltd. was established on November 18, with legal representative Lei Jun and registered capital of 1 billion yuan.

From the perspective of business scope, there is a big limit of "technology development, technology service, technology consultation, technology exchange, technology transfer and technology promotion" before the specific business scope, that is to say, Xiaomi Automotive Technology Co., Ltd. will focus on technology research and development in the future.

About specific business categories, including: vehicle manufacturing of new energy vehicles; technical research and development of automotive vehicles and parts; research and development of motors and their control systems; intelligent vehicle equipment manufacturing; electrical signal equipment manufacturing; lithium ion battery manufacturing; other battery manufacturing and so on.

From this point of view, from vehicle manufacturing, to motors and parts, to intelligent vehicle equipment, and then to the development and manufacture of lithium batteries, Xiaomi cars want to wrap themselves up, which is also in line with Xiaomi's consistent corporate genes. With the idea of "re-engraving" to build the ecosystem of the mobile phone industry, Xiaomi Automobile will also open up every link of the electric vehicle industry chain, and then establish a complete electric vehicle industry chain, so as to accelerate its own growth in the field of electric vehicles.

2024 can see millet car.

In fact, this is the second auto company Xiaomi has registered this year. As early as early September this year, Xiaomi invested 10 billion yuan to set up Xiaomi Automobile Co., Ltd., which is wholly owned by Xiaomi EV Limited.

The two companies are clearly entrusted with different missions. From the perspective of capital scale, Xiaomi car is mainly the matrix of manufacturing plants and R & D centers. Xiaomi automotive technology is mainly for intelligent driving, chip research and development, power battery research and development, as well as the matrix of future development exploration. In the later stage, it operates independently, does not interfere with each other, and embodies its own value. The establishment of the two car companies one after another confirms that Xiaomi is one step closer to landing.

Lei Jun had previously announced on Xiaomi's annual investor day that Xiaomi's car construction and team work had far exceeded his expectations, and Xiaomi's car is expected to be in mass production in the first half of 2024.

Lu Weibing, vice president of Xiaomi, also said publicly on Weibo on November 4 that Mr. Lei had announced mass production of Xiaomi cars in the first half of 2024, and detailed the reasons for Xiaomi to build cars, that is, the sharing of Xiaomi's existing assets and capabilities: brand, user, retail, supply chain, technology, etc.

Therefore, Xiaomi Home will assume the responsibility of Xiaomi car sales and service in the future, and do a good job in the linkage experience of Xiaomi ecological chain based on user scenarios, so it is necessary to open a big store in order to put the car down.

The two executives' speeches conveyed the same meaning, that is, Xiaomi car is ready, Xiaomi car can be seen in 2024 according to plan, and Xiaomi car can be bought at Xiaomi Home.

That accounts for about 40% of the cost of building a car. As the power battery of the "heart" of electric cars, how are Xiaomi cars ready?

Reserve four "future suppliers"

Up to now, Xiaomi Yangtze River Industrial Fund has invested in four power battery companies, namely Ganfeng Lithium Power, Honeycomb Energy, AVIC Lithium and Zhuhai Guanyu. Apart from Zhuhai Guanyu, the other three are power battery growth companies that Xiaomi has invested in since December.

Ganfeng lithium electricity

On October 14, Ganfeng Lithium announced that Hubei Xiaomi Yangtze River Industrial Fund Partnership (Limited Partnership) is the 30th largest shareholder of Ganfeng Lithium Power, with a registered capital of 75 million yuan and a shareholding ratio of 3.5117%.

Earlier in July, Ganfeng Lithium Power's capital increase proposal showed that Xiaomi Yangtze River Industrial Fund and Jimu Venture Capital (Xiaomi Private Equity Fund), as leading investors, invested 187.5 million yuan respectively, accounting for 3.51% of Ganfeng Lithium Power's equity after the capital increase.

Founded in June 2011, Ganfeng Lithium, backed by lithium giant Ganfeng Lithium, currently covers consumer batteries, TWS batteries, power / storage batteries and solid-state batteries.

At present, Ganfeng Lithium Power has made a breakthrough in both liquid lithium battery and solid-state battery.

In terms of liquid lithium batteries, in June this year, Ganfeng Lithium Power's lithium iron phosphate battery supporting Chery Costinec1 entered the 345th new car announcement of the Ministry of Industry and Information Technology.

With regard to solid-state batteries, it is reported that Ganfeng Lithium Power has officially signed a contract with the technology center of Dongfeng Company, and the two sides have held talks on solid-state battery demonstration and operation cooperation, and signed a demonstration and promotion agreement for solid-state battery E70 models.

Honeycomb energy

On August 18, the industry and commerce of Honeycomb Energy changed, with the registered capital increasing from 2.014 billion yuan to 2.811 billion yuan, an increase of 39.54%. At the same time, a number of shareholders such as Xiaomi Yangtze River Industrial Fund were added. Among them, Xiaomi Yangtze River Industrial Fund is the 41st shareholder, with a shareholding ratio of 0.2756%.

Honeycomb Energy spun off Great Wall Motor in 2018 to become an independent battery business sector, the momentum of development is also very rapid, has been steadily rooted in the domestic TOP10 camp. Among the top 10 power battery enterprises in China from January to October 2021, Honeycomb Energy ranks seventh, with 2.05GWh installed capacity.

On the customer side, Honeycomb Energy has 25 sales locations, including Great Wall, Geely, Dongfeng and other mainstream brands, and has reached a global cooperation project with a total value of 16 billion yuan with Stellantis, as well as a procurement contract with France's PSA to provide matching for its global electric vehicles. In addition, Beams, a domestic electric joint venture between Great Wall and BMW, will also be equipped with honeycomb energy batteries.

In terms of production capacity, according to statistics, since the beginning of this year, Honeycomb Energy has invested a total of 77.6 billion yuan, newly invested in the construction of 204.6GWh power battery capacity.

It is worth mentioning that Honeycomb Energy is planning to list in Science and Technology Innovation Board, is expected to complete the share reform in the second half of this year, the first half of 2022 to submit a declaration, plans to raise 30-5 billion yuan.

AVIC lithium electricity

On December 15, 2020, AVIC Lithium changed its investors. the new investors included Xiaomi Yangtze River Industrial Fund, with a shareholding ratio of 2.2826%, making it the 14th order shareholder.

In the TOP10 camp of domestic power battery enterprises from January to October 2021, AVIC lithium battery ranked third, and the load rose to 6.42GWh.

At present, AVIC Lithium Power has set up seven industrial bases in Changzhou, Luoyang, Xiamen, Chengdu, Wuhan, Hefei and Heilongjiang, with mass production, under construction and starting battery capacity exceeding 100GWH in 2021, and planned capacity of 200GWh in 2022.

For longer-term goal planning, at the recent CALB strategy conference, AVIC Lithium announced that the company's planned production capacity will exceed 500GWH in 2025 and is expected to reach 1TWh in 2030.

In terms of customers, AVIC Lithium has become the largest battery supplier to GAC and Changan, with battery permeability as high as 90% or more. The main customers include Geely Motor, SAIC GM Wuling and so on. The main supporting models are Guangzhou Auto Eian series, Hongguang MINI, Mercedes-Benz E-Star and other popular models and models.

It is worth mentioning that AVIC Lithium recently announced the completion of the joint-stock transformation of its civilian products business and the creation of a new AVIC image-"AVIC New Airlines". In addition, it has been reported that AVIC Lithium is applying for A-share IPO in the first quarter of 2022 with December 31, 2021 as the base date.

Zhuhai Guanyu

In December 2018, before the car was announced, Xiaomi Changjiang Industrial Fund had invested in Zhuhai Guanyu, holding a 4.3% stake in Zhuhai Guanyu, making it its fifth largest shareholder.

On October 15 this year, Zhuhai Guanyu officially logged on to the Shanghai Stock Exchange Kechuang Board, and Xiaomi Yangtze River Industrial Fund held a 3.7% stake in Zhuhai Guanyu.

Founded in 2007, Zhuhai Guanyu's main products are consumer polymer soft package lithium batteries, covering batteries and PACK, products, including notebook computers, tablet computers, smart phones, smart wearable devices, consumer drones and other fields.

In 2020, Zhuhai Guanyu notebook and tablet computers ranked second in total lithium-ion battery shipments, while smartphone lithium-ion battery shipments ranked fifth in the world.

For Zhuhai Guanyu's financial investment, for Xiaomi, it is the return on investment plus the advantage of supply chain "killing two birds with one stone".

Why do you say that? Because Zhuhai Guanyu has always been an important supplier of Xiaomi consumer batteries, but on November 18, just two months after Zhuhai Guanyu went on the market, it announced that Zhejiang Guanyu, a wholly owned subsidiary, plans to invest 4 billion yuan to build a new lithium-ion power battery project in Zhejiang. The construction period is expected to be 36 months (2022-2025).

In the field of power batteries, Zhuhai Guanyu has entered the supply chain system of Haojue, Cummins, China Motor, SAIC and other manufacturers.

Summary

Judging from the development trend of the above four battery enterprises, Zhuhai Guanyu has successfully logged on to the Kechuang board and is actively laying out the power battery business; Honeycomb Energy and AVIC Lithium have a strong development momentum and have plans for IPO; Ganfeng Lithium Power has been installed in cars, and solid-state battery technology is in the forefront of the market, and does not rule out the possibility of IPO in the later stage!

It can be seen that Xiaomi's investment in the battery field has undoubtedly achieved a double return on the return on investment and the advantage of the supply chain.

Throughout the layout planning of Xiaomi, it is not difficult to find that it is also using a mobile phone business model similar to that year to build cars, invest extensively and build an ecological chain. According to incomplete statistics, as of October, several investment institutions, including Lei Jun's personal angel investment institutions Shunwei Entrepreneurship, Xiaomi Group, Xiaomi Yangtze River Industrial Fund, and Shunwei Capital, had successively invested in more than 40 automobile industry chain enterprises. it mainly covers the whole vehicle, chip, battery, travel, automobile aftermarket and other fields.

In the field of power batteries, Xiaomi's investment in the above four companies is an advance plan for its electric vehicle supply chain, and it does not rule out that Xiaomi will include these four companies as its suppliers in the future.

The newly established Xiaomi Automotive Technology will also focus on the R & D and manufacture of power batteries, with a hint of "Tesla". The reason is that the four battery companies invested are likely to become suppliers in the future, and Xiaomi Automotive Technology itself will participate in the development and manufacture of power batteries.

Based on this, the ecological image of Xiaomi car is still worth looking forward to. Of course, the premise of everything is that the Xiaomi car will be available smoothly in the first half of 2024.