50% share of Penghui Energy won the bid for China Lithium Iron Phosphate Exchange Battery Project

SMM survey: what kind of metal do you like most in 2022?

On the evening of December 16th, Penghui Energy announced that the company recently received a "bid winning notice" from China Communications Construction Group Co., Ltd. the company has become the winning bidder of the "China Iron Tower Co., Ltd., 2021-2022 transition period Lithium Iron Phosphate replacement Battery products centralized bidding Project".

It is reported that the winning price is 204 million yuan, and Penghui Energy is the first winning bidder, with a winning share of 50%.

Penghui Energy said that the winning bid of the project shows that the company's lithium iron phosphate battery products for three-wheel / two-wheel electric vehicles have been further recognized by the market and customers, and the follow-up implementation of the project will help to promote the expansion of the battery business. it will provide the company with rich project experience and help to improve the company's market position and further market development in this field.

According to the data, Penghui Energy is mainly engaged in the production, manufacture and research and development of lithium batteries, with six main businesses: 3C digital batteries, power batteries, light-moving batteries, energy storage batteries, power tool batteries, and automotive aftermarket. At present, there are six modern production bases in Guangzhou, Zhuhai, Henan, Jiangsu, Liuzhou and Fukui in Japan.

In the field of power batteries, Penghui Energy and Shangtong Wuling maintain a close cooperative relationship and ship a number of model batteries for Shangtong Wuling. In addition to Hongguang mini series models, there are Baojun E300P and Wuling Rongguang N300L micro-surface models, and it is expected that new models such as Hongguang mini convertibles will be matched in the future. In addition, Penghui Energy has also entered the power battery supply chain of Changan Automobile, Chery Automobile, Wuling Industry, Guangxi Yuchai and other automobile enterprises.

It is worth mentioning that on November 23rd, Penghui Energy announced that it would spend 6 billion yuan to build a Penghui smart energy storage and power battery manufacturing base, with the main layout of lithium battery cells and PAC production lines, and the overall planning and layout of the project capacity 20GWh.

In the field of light-moving batteries, on August 25 this year, Penghui Energy released a full range of new products for two-wheeled and three-wheeled electric vehicles. In terms of capacity planning for two-wheeled batteries (soft bags and large cylinders), Penghui Energy is deploying capacity upgrades in Zhuhai, Henan and Changzhou, with a planned production capacity of 3 million sets in 2021, 6.4 million sets in 2022 and 9 million sets in 2023.

In addition, Penghui Energy previously said that the 40135 electrodeless ear battery is expected to be put into production by the end of September, and the production line is currently in the stage of trial production and commissioning. Customer orders are mainly in the areas of energy storage, low-speed electric vehicles and two-wheelers.

In the field of upstream raw materials, Sichuan Yingda Lithium Power is set up, which is mainly engaged in lithium iron phosphate precursor. It is planned to produce 100000 tons of iron phosphate in the next two years. At present, the production capacity of 20, 000 tons in the first phase is under construction.

In terms of capacity, Penghui Energy said in an interactive exchange with investors that the company expects to put into production capacity of about 6GWH in the fourth quarter of this year, including 5GWH square aluminum shell battery and 1GW large cylindrical battery. It is still planning to expand its production capacity next year.

In terms of performance, in the first three quarters of 2021, Penghui Energy achieved revenue of 3.89 billion yuan, up 57.37% over the same period last year; net profit of 164 million yuan, up 16.53% over the same period last year; and deducting non-net profit of 145 million yuan, up 35.10% over the same period last year.