Xinwanda was selected as the supplier of Dongfeng Liuqi Lithium Iron Phosphate Lithium Lingzhi CM5EV Battery Pack.

On the evening of February 2nd, Xinwanda (300207) announced that Xinwanda Electric vehicle Battery Co., Ltd., a wholly-owned subsidiary, recently received a letter from Dongfeng Liuzhou Automobile Co., Ltd. on the selection of suppliers of lithium iron phosphate Lingzhi CM5EV battery packs to supply its lithium iron phosphate CM5EV with power battery assembly products.

Xinwanda said that Dongfeng Liuqi is currently one of the major automobile manufacturing companies in China. Following the large-scale market application of ternary power battery products, Xinwanda has the ability to deliver lithium iron phosphate power battery products in bulk. The company was selected as Dongfeng Lithium Iron Phosphate Lithium Phosphate CM5EV battery pack supplier, which is an important progress in the company's lithium iron phosphate electric vehicle battery business, and helps to enhance Xinwanda's comprehensive competitive strength in the field of lithium iron phosphate electric vehicle battery.

On September 5, 2020, Xinwanda Electric vehicle recently received a notification letter from Dongfeng Liuqi about the selection of battery pack suppliers for the power exchange project, and the company was officially selected as a Synchronize development supplier of Dongfeng Liuqi parts. Supply power battery assembly products for its power exchange project.

Minsheng Securities expects that this year will be a big year for Xinwanda to be recognized by customers and mass production, and the inflection point of power battery is clear!

Guojin Securities released a research report in January, saying that for the whole car factory, with the increase in demand, whether from the perspective of supply chain security or from the perspective of improving bargaining power, it is urgent to support the second supply. Xinwanda is the first to card HEV (hybrid vehicle) and steadily promote BEV (pure electric vehicle), with both technical and customer advantages (Nissan, Renault, easy), and is expected to stand out among the second-tier manufacturers.

Xinwanda is a leading 3C lithium battery enterprise, deeply bound to Huawei, Xiaomi, OPPO, vivo and other domestic mainstream mobile phone manufacturers.

In 2008, Xinwanda launched the power battery business, and now it has developed into the dark horse of the power battery industry, successfully entering the supply chain of Renault-Nissan Alliance, Geely, Dongfeng Liuqi and other automobile companies.

Currently, Xinwanda has established six production bases in Shenzhen Baoan, Shenzhen Guangming, Huizhou Boluo, Nanjing Lishui, Zhejiang Lanxi and India, and has successfully set up technology centers and customer centers in Silicon Valley, Israel, Hamburg, Hong Kong, Taiwan, Beijing and Shanghai.

On July 10, 2020, the mass production delivery ceremony of the first phase of Xinwangda Nanjing New Energy Project was held in Lishui. The Nanjing Xinwanda project has a total investment of 12 billion yuan, which is divided into three phases of construction, of which the first phase invests 3.5 billion yuan to build about 8GWh cell and 8GWh battery system production line project; the second phase plans to invest 4 billion yuan, the project will add 10GWh cell and 10GWh battery system production line; the third phase plans to invest 4.5 billion yuan, the project will add 12GWh battery and 12GWh battery system production line; when the project reaches production, it can form the production capacity of 30GWh cell and system respectively.