Azure Lithium Core: the total battery capacity will reach 700 million by the end of 2021

[live broadcast] 2021 the sixth China International Nickel, Cobalt and Lithium Summit Forum was solemnly held!

A few days ago, Azure Lithium Core said in a survey by investor institutions that the company has an annual production capacity of nearly 400 million batteries and the production line is in full production. The second phase of the Zhangjiagang plant has a new production capacity of about 300 million, and when it is put into production at the end of the year, the total will reach about 700 million. The first phase of the Huaian plant will gradually put into production by the end of next year.

As far as battery China knows, the lithium battery product of Azure Lithium Core is ternary cylindrical lithium battery, which is mainly used in the field of power tools. At present, it is in stable cooperation with MAKITA, BOSCH, StanleyBlack&Decker, TTI and other international well-known brand tool manufacturers, and is the main domestic supplier of high-end tool lithium battery.

According to the analysis of Huaan Securities, Europe and the United States are currently the main force in the global consumer market for power tools, and the global market is expected to reach 41.7 billion US dollars in 2024. The transfer of business scope by overseas battery factories provides a good opportunity for domestic enterprises to expand overseas markets. It is estimated that by 2025, domestic battery shipments for power tools will reach 11GWhh, with an annual compound growth rate of more than 20%.

According to the announcement issued by Azure Lithium Core, the company's operating income reached 1.463 billion yuan in the first quarter of 2021, an increase of 115.25% over the same period last year; the net profit belonging to shareholders of listed companies was 160 million yuan, up 1508.53% from the same period last year. The lithium battery business continued its good state in the fourth quarter of 2020, with an operating income of about 533 million yuan and a net profit of about 118 million yuan, which constitutes the company's largest source of profit.

In March this year, Azure Lithium Core announced that the company plans to invest in the lithium battery industrialization project and build a new efficient lithium-ion battery industrialization project in Huai'an, with a total investment of 5 billion yuan and a new 4 billion Ah cylindrical lithium battery industrialization project. The project is planned to be built in two phases, with an investment of 2.35 billion yuan in the first phase.

With the gradual commissioning of new projects in the future, with the support of the new production capacity, Azure Lithium Core will also break through the existing field of power tools, actively face the R & D and market expansion of new application industries, and move forward to a wider market field. gradually realize the company's strategic breakthrough from power tools subdivision industry, efficient power application field, to high-performance cylindrical power battery industry leader. Support the sustained and rapid development of the company's lithium battery business in the future.