Recently, according to foreign media reports, Vision Power, a power battery company of Vision Technology Group, will land in a power battery factory in France.
Based on production capacity, Vision Power's total investment could reach $2.9 billion (about 18.7 billion yuan), with overall planned production capacity of about 43 GWH by 2030, half of which will be provided to local French carmakers (such as Renault).
It is reported that the official news of the new battery plant will be announced by French President Emmanuel Macron next Monday.
It is reported that on September 13, 2020, French media reported that Vision Technology Group had identified about a dozen potential sites in France.
The Vision Technology Group responded to the media on September 14, 2020, saying, "Europe is one of the important markets for electric vehicles in the world in the future. Vision Technology Group attaches importance to future European market opportunities and is actively considering building new factories in Europe. To meet the needs of the European market. The vision will comprehensively consider the location of the battery factory according to the actual customer situation and local policies, and France will be one of the key consideration. "
Now, this "focus on consideration" has become the landing destination.
The main reason for Vision Power to settle in France may be that there is no power battery factory built in France at present. According to SNE Research, a market research company, demand for electric car batteries in Europe is expected to be 406GWH by 2023, while supply is expected to be 335GWH, a shortfall of about 18 per cent; by 2025 the situation will worsen, with a supply shortage of about 40 per cent.
The market position of Vision Group
The market is no stranger to Vision Group. In 2018, Vision Group formally acquired AESC. At the 2019 Shanghai Auto Show, AESC changed its name to Vision AESC, and unveiled a new generation of Gen5-811 AIoT power batteries.
Market data show that in 2020, Vision AESC's global power battery installation reached 4GWH, ranking seventh, with a global market share of 2.92%. Compared with the same period in 2019, the global installed capacity of power batteries increased by 81.82% compared with the same period in 2019.
It is understood that Vision AESC has provided power batteries for more than 500000 Japanese Leaf electric vehicles, and has confirmed the good reputation of Vision AESC power batteries for "not burning cars".
Not only that, in the 2020 Q1 global automotive battery supplier rating report released by the British research institute Benchmark in April 2020, Vision AESC became one of only two Chinese battery companies selected as "the world's top battery supplier", and the other is Ningde era.
Six battery companies have won the title of "the world's top battery supplier", while the other four are LG Chemical, Panasonic, Samsung SDI and SKI.
Power Battery layout of Vision Group
It is understood that with the advantage of AESC in the early layout of power batteries, Vision Group's Vision AESC has production bases in Kanagawa Prefecture, Japan, Tennessee in the United States, and Sunderland in the United Kingdom.
The total production capacity of the three overseas bases of Vision AESC is 7.5GWh.
On February 19, 2019, Vision AESC China R & D and manufacturing plant officially opened in Wuxi, Jiangsu Province, with a total investment of 22 billion yuan. The project is divided into three phases, and the capacity of the ternary lithium battery put into production in the first phase is 3GWH, and then the 1.5GWh capacity will be reached soon. The long-term planned total production capacity of the project is 20GWH, which can meet the demand of about 400000 new energy vehicles per year.
Vision AESC Wuxi production base layout is currently the world's most advanced ternary lithium battery (NCM811) production line, battery packaging in the form of soft package, in addition to the production of batteries, but also committed to other power battery-related system research and production.
On December 4, 2020, Vision Energy Co., Ltd., Vision Power Technology (Jiangsu) Co., Ltd. and the people's Government of Yijinhuoluo Banner in Inner Mongolia signed the Framework Agreement on deepening Strategic Cooperation and the Project Investment Agreement of Vision Modern Energy equipment Industry Park.
According to the agreement, the companies of Vision Group will invest 10 billion yuan in Yijinhuoluo Banner to build energy storage and power battery projects with 20GWh capacity as well as industrial chain ecological projects.
The project is implemented in three phases, of which the first phase has a total investment of 4 billion yuan, with a land area of about 300mu, to build 6GWh capacity; the second phase has a total investment of 3 billion yuan, with a land area of 300mu, to build 6GWh capacity; and the third phase has a total investment of 3 billion yuan, with a total area of 400mu, to build 8GWh capacity.
It is also reported that there will be a surge in sales of (EV) based on pure electric vehicles, and the companies of Vision Group also plan to build new factories in Japan, the United Kingdom, the United States and other places.
As recently as June 17, the Nikkei Chinese website said that Vision AESC Group is discussing a listing in the United States in 2025. The company plans to raise funds through an IPO to compete with companies such as Ningde Times.
