New Zebang plans to invest 1.984 billion in lithium battery and semiconductor business, and the price of electrolyte is still optimistic after soaring all the way.

SMM December 1: November 30, the new Zebang, which has been working in the lithium battery electrolyte industry for many years, issued a number of announcements, announcing plans to invest 1.984 billion yuan in two major projects. First, the company plans to take Chongqing Xinzubang, a wholly-owned subsidiary, as the main body of the project to build Chongqing Xinzhoubang lithium battery materials and semiconductor chemicals project.

It is reported that the total investment of the project is about 784 million yuan. The specific investment projects are an annual output of 200000 tons of lithium-ion battery electrolytes and materials, an annual output of 80, 000 tons of semiconductor chemicals, and supporting utilities and auxiliary facilities. According to the announcement, the project will be carried out in two phases, one of which is the construction of 100000 tons of lithium-ion battery electrolytes and materials per year. The construction period of the first phase of the project is expected to be 26 months. After the project is completed and put into operation, it is expected to achieve an annual operating income of about 5 billion yuan. The second phase of the project plans to produce 100000 tons of lithium-ion battery electrolytes and materials and 80, 000 tons of semiconductor chemicals.

In addition, with Zhuhai New Zebang, a wholly owned subsidiary, as the main body of the project, New Zebang plans to build the Zhuhai New Zebang Electronic Chemicals Project, with a total investment of about 1.2 billion yuan and a construction period of 28 months, which is expected to be gradually put into production in the first half of 2024. It is reported that the project has an annual output of 105000 tons of lithium battery materials and 130000 tons of semiconductor chemicals. After all the projects reach production, it is expected to achieve annual revenue of about 6 billion yuan.

It is worth mentioning that with the rapid development of new energy and semiconductor industry, the new Zebang South China base can no longer meet the future market demand, so a second base will be built in the Greater Bay area.

Since 2021, with the rapid development of the new energy vehicle market, the electrolyte, as one of the raw materials of power battery, has once triggered a scramble by many enterprises, and its price has gone up. According to the spot price of SMM, the spot price of electrolyte (lithium iron phosphate) was 119000 yuan / ton as of December 1, up 81000 yuan / ton from the beginning of the year, or 213.16%.

"Click to view the price of SMM new energy products

For the price trend of the future electrolyte, SMM research learned that from the raw material side, the current lithium hexafluorophosphate price gradually stabilized, the market mainstream quotation in the price range of 54-560000 yuan / ton, EC,VC and other prices also temporarily stabilized. On the supply and demand side, the terminal demand is still increasing, driving the demand for electrolyte, and the shortage of supply in the industry is still there. Therefore, SMM expects electrolyte prices to continue to rise in the future. "View details

Taking into account the current market generally optimistic attitude towards the lithium industry, the new Zebang to expand the layout of electrolytes and lithium batteries is also understandable.