Tianneng Group Set for 50 Billion yuan Revenues in 2020-Shanghai Metals Market

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Tianneng Group Set for 50 Billion yuan Revenues in 2020

Company News 03:30:45PM Sep 23, 2015 Source:SMM

SHANGHAI, Sept. 23 (SMM) – Tianneng Group strives to achieve revenue target of 50-60 billion yuan in 2020, 2.5 times of 2014, finance.sina.com reported.

Four wheel electric vehicle batteries and lithium batteries will be the major contributors. Revenues from lead-acid batteries come at 559 million yuan this year, 7.5% of total revenues, which is expected to grow to 20% in 2020. A total of 3% revenues are contributed by lithium batteries this year and are scheduled to increase to 15% in 2020.

Electric tricycle batteries contribute revenues by 15% currently, which should be 20-25% in the next 5 years. Instead, during the same period, proportion claimed by traditional e-bike batteries will be slashed to 20% from 68.5% in total revenues.

Markets estimate that consumption on four wheel electric vehicle batteries totaled 10 billion yuan in 2014 in China, when combined with demand for lead-acid and lithium batteries, the number is expected to be 90 billion yuan in 2020. New energy electric car will grow to 1 million this year and is likely to rise to 5 million in 2020. 

The article is edited by SMM and is provided for information purpose only. SMM assumes no liability and does not warrant the accuracy, reliability or completeness of information contained or quoted in the article, either express or implied. SMM further disclaims any liability for losses in connection with the information contained or quoted in the article.

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn. 


Tianneng Group Set for 50 Billion yuan Revenues in 2020

Company News 03:30:45PM Sep 23, 2015 Source:SMM

SHANGHAI, Sept. 23 (SMM) – Tianneng Group strives to achieve revenue target of 50-60 billion yuan in 2020, 2.5 times of 2014, finance.sina.com reported.

Four wheel electric vehicle batteries and lithium batteries will be the major contributors. Revenues from lead-acid batteries come at 559 million yuan this year, 7.5% of total revenues, which is expected to grow to 20% in 2020. A total of 3% revenues are contributed by lithium batteries this year and are scheduled to increase to 15% in 2020.

Electric tricycle batteries contribute revenues by 15% currently, which should be 20-25% in the next 5 years. Instead, during the same period, proportion claimed by traditional e-bike batteries will be slashed to 20% from 68.5% in total revenues.

Markets estimate that consumption on four wheel electric vehicle batteries totaled 10 billion yuan in 2014 in China, when combined with demand for lead-acid and lithium batteries, the number is expected to be 90 billion yuan in 2020. New energy electric car will grow to 1 million this year and is likely to rise to 5 million in 2020. 

The article is edited by SMM and is provided for information purpose only. SMM assumes no liability and does not warrant the accuracy, reliability or completeness of information contained or quoted in the article, either express or implied. SMM further disclaims any liability for losses in connection with the information contained or quoted in the article.

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.