[special topic on SMM] Automobile giants smell potential business opportunities and accelerate to seek cooperation from domestic auto battery manufacturers.

Published: Jul 24, 2020 14:18

SMM7, March 24: the broad development space of new energy electric vehicles has become the focus of automobile manufacturers. In the first half of this year, the French president announced that the subsidy for the purchase of new energy vehicles would be further increased from 6000 euros to 7000 euros for private owners of electric vehicles. Subsequently, in the 130 billion economic stimulus package launched by Germany, the subsidy for electric vehicles also increased from 3000 euros to 6000 euros. Under the stimulation of market consumption expectations and policies, European car companies began to accelerate the layout of electric vehicles. The production capacity and supply chain system of Chinese manufacturing industry make China a production, investment and research center of automobile power battery. under this background, European car companies seek cooperation from domestic automobile battery factories one after another. SMM sorts out the relevant cooperation events in recent years as follows:

[Ningde Times signed strategic cooperation agreement with brilliance BMW] in July 2018, Ningde Times announced that the company, the company's controlling shareholder Ruiting Investment, the actual controller of the company and brilliance BMW signed a strategic cooperation agreement on the same day. The main contents include: in order to ensure the production capacity of long-term products supplied, brilliance BMW purchased the battery capacity construction project from the company, the amount is 815 million yuan. Long-term purchasing arrangement: brilliance BMW will purchase specified types of power battery products from the company for a long time and pay an initial advance of 2.8525 billion yuan. Equity investment arrangement: if the company has an equity financing plan, brilliance BMW has the right to invest no more than RMB 28.525 (parameters | pictures) in the company.

[Xinwanda signed a Memorandum of understanding with Renault-Nissan Alliance] in June this year, Xinwanda announcement revealed that its wholly-owned subsidiary Xinwanda Electric vehicle had signed a "Memorandum of understanding" with Nissan Automotive Co., Ltd. It is reported that in order to strengthen the business cooperation between the two sides, Xinwanda Electric vehicle and Nissan plan to jointly develop the battery of the next generation Nissan Electric vehicle e-POWER, and will discuss the development of an efficient production system to ensure that the jointly developed automobile battery has a stable supply capacity.

[Mercedes-Benz shares in Funeng Technology] in July, Mercedes-Benz announced a deepening strategic partnership with Chinese power battery maker Funeng Technology (Ganzhou) Co., Ltd. Mercedes-Benz will buy a stake in Funeng Technology, with a stake of about 3%. In the future, the two sides will jointly develop high-tech battery technology to further improve the battery energy density and shorten the charging time. At the same time, in order to meet the power battery needs of Mercedes-Benz, Funeng Technology will build a power battery factory in Bitterfield-Wolfen in eastern Germany.

[Volkswagen China shares in Guoxuan Hi-Tech] in May this year, Guoxuan Hi-Tech Co., Ltd. announced that Guoxuan Hi-Tech and Volkswagen China signed a cooperation agreement. According to the announcement, Guoxuan Hi-Tech will issue 30 per cent of the total number of RMB common shares issued by the company prior to this issue to Volkswagen (China) Investment Co., Ltd., with a minimum transaction amount of 6 billion yuan. At the same time, Zhuhai Guoxuan, the controlling shareholder of Guoxuan Hi-Tech, and Li Kun, the controller, transferred about 5% of Guoxuan Hi-Tech shares to Volkswagen China. After the completion of this strategic investment, Volkswagen China will become the largest shareholder of Guoxuan Hi-Tech, with a stake of 26.47%, while Li Gong and United Action will be the second largest shareholder, with a total stake of 18.2%.

[honeycomb Energy is targeted by European car companies] in February this year, Honeycomb Energy, a power battery company independent of Great Wall Automobile, will receive another big order. Honeycomb Energy Technology Co., Ltd. has been assigned to purchase power battery products from a large European automobile group, according to people familiar with the matter. The car company plans to purchase power battery products from Honeycomb Energy to match its global version of its all-electric platform, which is expected to exceed 7GWh in the entire life cycle of the project.

[it is rumored that Jaguar Land Rover is in talks with BYD on power battery cooperation] recently, there are rumors that Jaguar Land Rover is in talks with BYD on power battery supply, joint development of power system, and so on. BYD may even set up a battery factory in the UK in the future. In early 2020, BYD officially split its power battery and other businesses, followed by the release of blade batteries, BYD power batteries continue to be recognized by the industry.

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