Yiwei Lithium Energy two wholly-owned subsidiaries plan to transfer battery assets to each other to optimize the industrial layout

Published: Feb 24, 2021 09:04

Yiwei Lithium Energy (300014) announced on the evening of February 22nd that the company's wholly-owned subsidiary Jingmen Yiwei Chuangeng Lithium Battery Co., Ltd. intends to transfer its power storage battery business-related assets (including the completed previous fund-raising investment project "Jingmen Yiwei Energy Storage Lithium Ion Battery Project") to Hubei Yiwei Power Co., Ltd., a wholly-owned subsidiary of the company. Yiwei Power plans to transfer its assets related to its three-dimensional cylindrical battery business to Jingmen Chuangneng in stages.

The object of this transaction is the production equipment, office equipment, inventory and other assets related to Jingmen energy storage battery business and Yiwei power ternary cylindrical battery business. Yiwei LiNeng said that the transfer of the company's assets is based on the company's future business development planning needs, which is conducive to the company to further optimize the industrial layout, fully integrate the company's resources, and is conducive to the company's long-term development.

According to the official website of Yiwei Power, the company was founded in July 2012. it is a subsidiary of Yiwei Lithium Energy, and now employs more than 2800 people. its products include lithium-ion power, energy storage battery and battery integrated system. widely used in new energy electric vehicles, electric ships and energy storage fields. Yiwei Power is divided into four regions, covering a total area of 1126 mu, with a total investment of 8.5 billion yuan and a planned production capacity of 21.5GWh. It is estimated that by 2022, the total output value of Yiwei Power will exceed 15 billion yuan, which will become the core research and development and production base of lithium batteries in Central China.

Jingmen Chuangneng was established in September 2017, and in July 2019, Yiwei Lithium Energy raised 500 million yuan in non-public offering shares to increase capital to Jingmen Chuangeng for the implementation of the Jingmen Yiwei Energy Storage Lithium Ion Battery Project.

In addition, since the beginning of this year, Yiwei Lithium has made a series of moves in terms of investment layout:

On the evening of February 19th, Yiwei LiNeng announced that Huizhou Yiwei Power, a wholly-owned subsidiary of Yiwei Power Hong Kong Co., Ltd., the company's wholly-owned grandson company, plans to invest its own funds and raise its own funds in the construction of "passenger car Lithium Ion Power Project (Phase I)" and "xHEV Battery system Project (Phase I)", with an investment amount of not more than 1 billion yuan and 2.6 billion yuan respectively.

The announcement shows that the passenger car lithium-ion power battery project (phase I) project content is square lithium iron phosphate cell and module; xHEV battery system project (phase I) project content is 12V and 48V battery system. Huizhou Yiwei Power's investment mainly meets the supporting needs of customers such as international well-known car companies and domestic car-building new forces.

On January 26th, Yiwei LiNeng announced that the company and its controlling shareholder, Tibet Yiwei Holdings Co., Ltd., plan to jointly subscribe for the non-publicly issued shares of Zhejiang Huayou Cobalt Co., Ltd. with its own and self-raised funds of 1.8 billion yuan. among them, the total subscription price of the company is 300 million yuan, and the total subscription price of Yiwei Holdings is 1.5 billion yuan.

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