On the evening of January 12, Yiwei LiNeng (300014) issued an announcement that the company's board of directors held on October 21, 2021 examined and approved the "proposal to participate in bidding for 35.2857% equity interest in Xinghua Lithium Salt". It is agreed that the company will use its own funds to participate in bidding for 35.2857% of Qinghai Chaidamu Xinghua Lithium Salt Co., Ltd. (hereinafter referred to as "Xinghua Lithium Salt") within the authority of the board of directors. And authorize the chairman of the company to determine the auction price according to the auction situation and sign relevant contracts and documents.
Recently, Yiwei Lithium received a "notice of the result of the bidding" and signed a "property right transaction contract" with Qinghai Chaidamu Development and Construction Investment Co., Ltd. (hereinafter referred to as "Chai Jian Tou"). Successfully won Chai Jian bid's 35.2857% stake in Xinghua Lithium Salt, and the final transaction price was 144 million yuan (excluding auction service fee). At the same time, the company signed an "equity transfer agreement" with Mr. Zhai Yanhong, a shareholder of Xinghua Lithium Salt, to transfer Mr. Zhai Yanhong's 13.7143% equity stake in Xinghua Lithium Salt with 56.0158 million yuan with reference to the above-mentioned auction transaction amount of the company.
Yiwei LiNeng said that after the completion of the above transaction, the company will directly hold a 49% stake in Xinghua Lithium Salt, which will help the company to further focus on the main business of lithium batteries, and is of positive significance for the company to open up the upstream industrial chain and optimize the industrial layout. in line with the company's development strategy and overall interests.
The Battery Network noted that just the day before (January 11), Yiwei LiNeng also announced that it had signed a "Strategic Cooperation Agreement" with Lanxiao Technology, and that the two sides would carry out in-depth cooperation in the lithium resources industry chain. and actively participate in the development and utilization of lithium resources in Jieze Chaka Salt Lake in Tibet. Lanxiao Technology will encourage all parties involved in the project to give priority to the long-term supply of qualified lithium salt to the company and its designated parties at competitive prices. The agreement tentatively stipulates a period of 15 years for cooperation.
Not only this year, Yiwei LiNeng has made the upper reaches of the layout one of the key tasks of the year in 2021:
On August 9, 2021, Yiwei LiNeng also signed a Memorandum of Cooperation on directional Recycling of 10000 tons of recycled Nickel products. Since 2024, Greenmei has promised to supply more than 10,000 tons of recycled nickel products (including nickel sulfate, ternary precursors and ternary materials, etc.) to Yiwei Lithium Energy each year, and the cooperation period can be extended for 10 years from the beginning of product supply, and the quantity can be increased and the cooperation period can be extended as needed.
On July 9, 2021, Yiwei LiNeng issued a number of announcements: it intends to acquire 28.125% of the shares of Jinkunlun Lithium Industry, and plans to set up a joint venture with Jinkunlun Lithium Industry, with a phased investment of no more than 1.8 billion yuan to build a project with an annual production capacity of 30, 000 tons of lithium carbonate and lithium hydroxide. The registered capital of the joint venture company is 180 million yuan, and the company subscribes to contribute 144 million yuan, with a shareholding of 80%. It is proposed to acquire 5% equity of Dahua Chemical Co., Ltd. Dahua Chemical enjoys the mining right of Dachidan Salt Lake. Tibet Yiwei Holdings Co., Ltd., the controlling shareholder of the company, intends to acquire 29% equity of Dahua Chemical Industry.
On May 24, 2021, Yiwei LiNeng announced that Yiwei Asia, a subsidiary of Yiwei, signed a "Joint Venture Agreement on Indonesia Huayu Nickel Cobalt laterite Nickel Ore Wet smelting Project" with Yongrui Holdings, Glaucous, Huayou International Cobalt Industry and LINDO, and the parties agreed to build a laterite nickel ore hydrometallurgy project in Indonesia, with an annual output of 120000 tons of nickel and 15000 tons of cobalt products.
Western Securities Research has analyzed that Yiwei Lithium can build a perfect supply chain, one is to control the cost, but to ensure a stable supply of all kinds of materials. Previously, through the joint venture with German Nano and Beitre, the layout of LFP positive electrode and high nickel ternary cathode respectively.
While constantly adding upstream resources, Yiwei LiNeng also continues to focus on the main business. Everbright Securities recently reported that the customer quality of Yiwei lithium power battery is in the first echelon in China, and the forward-looking layout of 4680 cylinders can be expected in the future. As the company's power production capacity continues to be released, it is expected that the soft package ternary and ternary cylinder shipments will grow rapidly in 2021, and lithium iron phosphate will enter the passenger car field for the first time in 2022, entering the new power supply chain, and the power battery business will have a bright future.
According to the latest data from the China Automobile Association, in 2021, the production and sales of new energy vehicles in China completed 3.545 million and 3.521 million respectively, an increase of 1.6 times over the same period last year, with a market share of 13.4%, 8 percentage points higher than that of the previous year. Judging from the trend of new energy vehicles, the development situation of both production and marketing has been maintained throughout the year. However, with the implementation of the new policy on subsidies for new energy vehicles, the sticker standard in 2022 has declined by 30% from 2021, and a number of new energy models have announced price increases, in the face of the rising subsidy threshold and the actual demand of consumers. the market's demand for the quality of power batteries is also rising.
Under this background, Yiwei LiNeng announced the research and development of plus technology on January 12. the company and its subordinate company Huizhou Yiwei Power Battery Co., Ltd. (hereinafter referred to as "Huizhou Yiwei Power") plan to invest in the construction of power battery R & D center project in Zhongkai High-tech Zone, in which the company invests 699 million yuan to build a "Power Battery R & D Center". New factory building at 71-2 Chen Jiang Street, Zhongkai High-tech Zone; Huizhou Yiwei Power invested 236 million US dollars (about 1.5 billion yuan) to build a "electrochemical energy storage and power battery industry common technology research and development and innovative service platform". And introduce domestic and foreign advanced experimental equipment, matching excellent performance testing equipment and laboratory monitoring system, etc., through the rental of factory buildings, and the introduction of domestic and foreign advanced experimental equipment, supporting excellent testing equipment and laboratory monitoring system, etc. To build a domestic first-class innovative service platform with customized development, high-level automatic trial production line, electrical performance and environmental adaptability testing, safety testing and other comprehensive capabilities.
Yiwei LiNeng said that the implementation of the power battery R & D center project conforms to the performance improvement requirements of the state and the market for the development of new energy industry, power battery energy density, fast charging capacity, and so on, and promotes the integrated development of cutting-edge technology research and industrial application. It is an important measure to further enhance the company's strength in the power battery field, improve the efficiency of new product development, and then support the company's power battery business to maintain steady growth and establish comparative advantages, in line with the company's development strategic planning and the interests of all shareholders.
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