SMM: a few days ago, Kodali released its semi-annual performance report for 2020. During the reporting period, the company achieved operating income of 687.3258 million yuan, a decrease of 41.39% over the same period last year. The net profit belonging to shareholders of listed companies was 46.7917 million yuan, a decrease of 41.69% over the same period last year.

It is understood that Kodali is a lithium battery precision structural parts and automotive structural parts research and development and manufacturing enterprises, the products are mainly divided into lithium battery precision structural parts, automotive structural parts two categories, widely used in automobiles and new energy vehicles, portable communications and electronic products, power tools, energy storage power stations and many other industries.

Kodali said that the global economic downturn was caused by the global spread of the COVID-19 epidemic in the first half of 2020, and the automobile industry as a whole was greatly affected. Among them, the production and marketing of new energy vehicles completed 397000 and 393000 respectively, down 36.5% and 37.4% respectively from the same period last year. The decline in production and sales of new energy vehicles directly led to a reduction in demand for power lithium battery installation, and the market demand for power lithium battery structure parts also declined.

During the reporting period, based on the current global economic and industry situation, Kodali controlled the market trend and actively took corresponding measures to strengthen the domestic and foreign market development of new energy vehicle power lithium battery structures. relying on the company's advanced technology level, high-quality production capacity, efficient R & D and supply system, excellent product quality and other advantages in the new energy vehicle power battery structure industry, Seize the favorable opportunity of the sustained and rapid development of new energy vehicles, consolidate and expand the market share of the company's products.

In the first half of this year, on the one hand, Kodali deepened the cooperation with existing customers CATL, LG, Panasonic, Tesla, BYD, AVIC Lithium, Yiwei Lithium, Xinwanda, Lishen, Honeycomb Energy, Foggia, GAC GROUP, etc., to do a good job of customer service and ensure the long-term strategic cooperation between customers and the company. On the other hand, it continues to expand its overseas market by signing an exclusive supply contract with Swedish battery manufacturer Northvolt for the annual supply of square lithium-ion battery shells for 40Gwh.

Kodali said that with the increase in the concentration of the company's downstream customer market and the continuous expansion of the company's overseas markets, it will further enhance the company's sustainable profitability and market competitiveness, and enhance the company's leading position in the global power lithium battery structure industry.

"2020 (second) China Automotive New Materials Application Summit Forum"

It was solemnly held in Shanghai from September 17 to 18.

During the reform period of the "four modernizations of the automobile", intelligent network connection, new energy, lightweight and intelligent manufacturing entered the field of the automobile industry, and the automobile era was reinterpreted. The surging changes require the industry to continue to integrate and innovate, and quickly promote the development rate of automobile enterprises. With the emergence of self-driving and intelligent cars, Internet companies, which are not active in the automotive field, have more opportunities to show their talents; the double points policy is becoming an important driving force for the development of China's new energy vehicle industry; in the face of environmental constraints, car companies speed up the application of advanced lightweight components and technologies to achieve vehicle weight loss. With the continuous promotion of the strategies of "Industrial 4.0" and "made in China 2025", intelligent manufacturing has become a new challenge of upgrading and transformation.

Under the guidance of the Shanghai Economic and Informatization Commission and the Shanghai Federation of Industrial economy, in order to accelerate the application of automobile lightweight and product lines, the Shanghai Nonferrous Metals Industry Association, together with Shanghai Automotive Engineering Society, Suzhou Die casting Technology Association and Shanghai Nonferrous Network, jointly held the "2020 (second) China Automotive New Materials Application Summit Forum". Jointly discuss material solutions, co-casting automobile industry chain green development closed loop, and strive to build an excellent communication and cooperation platform for the whole automobile industry chain, and lead the creation of advanced automobile industry clusters.

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