Baolixin signed an agreement on the guarantee and supply of lithium battery products to supply about 194000 sets from July to October this year.

On the evening of June 11th, Baolixin (300116) announced that the company recently signed a "guarantee and supply agreement" with customers on lithium battery products. The agreement stipulates that the company will normally supply a total of about 194000 sets of lithium battery products to the customer from July to October 2021, and the unit price of the product is based on the unit price that has been reconciled in the customer's system.

According to public data, in 2020, the board of directors was reorganized on June 3, 2020 after the completion of the implementation of the Baoli new restructuring plan, and the board of directors elected Gao Baoqing as chairman and general manager of the company. Baolixin has the production capacity of 13GWh cells before the restructuring, and the company has quickly resumed the production of high-quality 4GWh production in the two plants after the restructuring, and is still in the leading position in the small cylindrical lithium iron phosphate cell manufacturers. At the same time, the company has successively set up PACK plants in Huizhou, Wuxi and Dongguan, which already have a certain PACK production capacity. PACK factories and core factories play a synergistic effect to promote cell sales through PACK business.

In terms of battery capacity expansion, on the evening of April 19th this year, Baolixin announced that the company plans to invest 7 billion yuan with the management committee of Zaozhuang High-tech Zone to build 10GWhPACK and 10GWh lithium battery capacity projects, in order to meet the product layout of the company's lithium battery products in electric bicycles, four-wheel low-speed vehicles, small energy storage and low-speed intelligent travel, and enrich the company's business structure.

In addition, on the evening of May 7, Baolixin issued an announcement that in order to further promote the rapid development of the company's business, meet the capital needs of the company's business development, seize market opportunities, and enhance the company's core competitiveness and sustainable development ability, the company plans to plan a non-public offering of shares, which is expected to form a pre-plan for the company's non-public offering before October 3, 2021.

According to the announcement, Gaobaoqing pledged to participate in the subscription of the non-public offering shares, and the subscription price is not less than 90% of the company's average stock trading price for 20 trading days before the pricing benchmark.