[SMM analysis] the first phase of the planned annual production of lithium iron phosphate 10, 000 tons! Ningde era and German Nano jointly increase the Capital of qu Jinglin Iron-Shanghai Metals Market

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[SMM analysis] the first phase of the planned annual production of lithium iron phosphate 10, 000 tons! Ningde era and German Nano jointly increase the Capital of qu Jinglin Iron

Translation 03:57:05PM May 14, 2019 Source:SMM

SMM5 14: recently, Shenzhen German Nano Technology Co., Ltd. (German Nano) issued an announcement on the signing of the joint venture agreement, the announcement said. On May 11, 2019, German Nano signed a "joint venture agreement" with Ningde era to jointly increase its capital in Qujing Lintie Technology Co., Ltd. (referred to as "qu Jinglin Iron"). Qu Jinglin Iron is a wholly owned subsidiary of the company, with a registered capital of 50 million yuan (the following yuan refers to RMB yuan). The company has actually paid 10 million yuan, and German Nano will supplement its registered capital of 40 million yuan.

It is reported that Qujing Lintie Technology Co., Ltd. mainly engaged in nano-powder material reagents, nano-powder standard samples, nano-material products (excluding restricted projects) research and development, sales; nanometer lithium iron phosphate (excluding dangerous chemicals) production and marketing; Import and export of nanomaterials products and technologies. The joint venture company plans to produce 10,000 tons of lithium iron phosphate annually. After the completion of the first phase of construction, the two sides will further negotiate the increase in production capacity.

This capital increase, Ningde era contributed 40 million yuan, the company contributed 10 million yuan. After the completion of the capital increase, the joint venture company registered capital of 100 million yuan, the company contributed 60 million yuan, accounting for 60% of the registered capital, Ningde era contributed 40 million yuan, accounting for 40% of the registered capital.

At the same time, Ningde era will purchase lithium iron phosphate from qu Jinglin Iron, and according to the purchase amount, the purchase amount will not exceed 131.5 million yuan, specifically according to the purchase agreement signed by both sides. German Nano shall undertake joint and several liability guarantee to Ningde era for the debt and all performance responsibility arising from the collection of long-term strategic procurement advance payment by the joint venture company. The joint venture company provides a counter-guarantee for the guarantee provided by German Nano.

China's new energy vehicle industry has changed from policy-driven to policy-driven and market-driven, the degree of marketization is increasing, the degree of industry concentration is increasing, the scale effect of leading enterprises in the industry is prominent, and closer cooperation is established between upstream and downstream enterprises. Is particularly important. German Nano said that the cooperation between the company and Ningde era to build a joint venture will help the company to further improve its technical level, reduce production costs, improve its ability to serve customers, and consolidate its position in the new energy vehicle industry chain. To achieve the sustained and healthy development of the company.

SMM believes that the current power battery industry is becoming more and more concentrated, from the April power battery installed data, Ningde era and BYD installed capacity has reached 75.6%. High-quality battery suppliers need to maintain cost advantage and develop technical level in order to maintain high market share, and opening up the upstream and downstream industry chain is the strategic layout direction of leading battery enterprises in reducing cost and stabilizing supply. The cooperation between Ningde era and German Nano in the layout of lithium iron phosphate, on the one hand, in the environment of the decline of new energy subsidies and the major reshuffle of the power battery industry, will further consolidate the stable supply cooperation relationship and their respective business scale; On the other hand, the cooperation between the leading battery factory and the leading material factory further reflects the future growth space of lithium iron phosphate battery.

"Click to view German Nano original announcement

"[Note] with the advent of brainstorming, many bigwigs interpret the hot spots in the metal market!

"Click to enter the registration page

Scan QR code and apply to join SMM metal exchange group, please indicate company + name + main business

 

Key Words:  Lithium  batteries  cars  capacity 

[SMM analysis] the first phase of the planned annual production of lithium iron phosphate 10, 000 tons! Ningde era and German Nano jointly increase the Capital of qu Jinglin Iron

Translation 03:57:05PM May 14, 2019 Source:SMM

SMM5 14: recently, Shenzhen German Nano Technology Co., Ltd. (German Nano) issued an announcement on the signing of the joint venture agreement, the announcement said. On May 11, 2019, German Nano signed a "joint venture agreement" with Ningde era to jointly increase its capital in Qujing Lintie Technology Co., Ltd. (referred to as "qu Jinglin Iron"). Qu Jinglin Iron is a wholly owned subsidiary of the company, with a registered capital of 50 million yuan (the following yuan refers to RMB yuan). The company has actually paid 10 million yuan, and German Nano will supplement its registered capital of 40 million yuan.

It is reported that Qujing Lintie Technology Co., Ltd. mainly engaged in nano-powder material reagents, nano-powder standard samples, nano-material products (excluding restricted projects) research and development, sales; nanometer lithium iron phosphate (excluding dangerous chemicals) production and marketing; Import and export of nanomaterials products and technologies. The joint venture company plans to produce 10,000 tons of lithium iron phosphate annually. After the completion of the first phase of construction, the two sides will further negotiate the increase in production capacity.

This capital increase, Ningde era contributed 40 million yuan, the company contributed 10 million yuan. After the completion of the capital increase, the joint venture company registered capital of 100 million yuan, the company contributed 60 million yuan, accounting for 60% of the registered capital, Ningde era contributed 40 million yuan, accounting for 40% of the registered capital.

At the same time, Ningde era will purchase lithium iron phosphate from qu Jinglin Iron, and according to the purchase amount, the purchase amount will not exceed 131.5 million yuan, specifically according to the purchase agreement signed by both sides. German Nano shall undertake joint and several liability guarantee to Ningde era for the debt and all performance responsibility arising from the collection of long-term strategic procurement advance payment by the joint venture company. The joint venture company provides a counter-guarantee for the guarantee provided by German Nano.

China's new energy vehicle industry has changed from policy-driven to policy-driven and market-driven, the degree of marketization is increasing, the degree of industry concentration is increasing, the scale effect of leading enterprises in the industry is prominent, and closer cooperation is established between upstream and downstream enterprises. Is particularly important. German Nano said that the cooperation between the company and Ningde era to build a joint venture will help the company to further improve its technical level, reduce production costs, improve its ability to serve customers, and consolidate its position in the new energy vehicle industry chain. To achieve the sustained and healthy development of the company.

SMM believes that the current power battery industry is becoming more and more concentrated, from the April power battery installed data, Ningde era and BYD installed capacity has reached 75.6%. High-quality battery suppliers need to maintain cost advantage and develop technical level in order to maintain high market share, and opening up the upstream and downstream industry chain is the strategic layout direction of leading battery enterprises in reducing cost and stabilizing supply. The cooperation between Ningde era and German Nano in the layout of lithium iron phosphate, on the one hand, in the environment of the decline of new energy subsidies and the major reshuffle of the power battery industry, will further consolidate the stable supply cooperation relationship and their respective business scale; On the other hand, the cooperation between the leading battery factory and the leading material factory further reflects the future growth space of lithium iron phosphate battery.

"Click to view German Nano original announcement

"[Note] with the advent of brainstorming, many bigwigs interpret the hot spots in the metal market!

"Click to enter the registration page

Scan QR code and apply to join SMM metal exchange group, please indicate company + name + main business

 

Key Words:  Lithium  batteries  cars  capacity