The company's wholly-owned subsidiary Jiangsu Xintai Materials Technology Co., Ltd. (hereinafter referred to as "Xintai Materials") recently signed a "letter of intent for Project Investment" (hereinafter referred to as "letter of intent") with Jiangsu Changshu New Materials Industry Park and Jiangsu Ruitai New Energy Materials Co., Ltd. (hereinafter referred to as "Ruitai New Materials").
According to the letter of intent, Xintai Materials and Ruitai New Materials jointly invested 1 billion yuan to set up a new company in Jiangsu Changshu New material Industrial Park to build a production and sales project with an annual output of 30, 000 tons of lithium materials such as lithium hexafluorophosphate and calcium chloride. The total investment of the project is expected to be 3 billion yuan, and the total planned land is about 203mu.
Skyline shares said that this letter of intent is only an agreement of investment intention and will not have a significant impact on the company's operating results and financial position for the current year. The implementation of this investment project will help to further expand the production capacity of new energy materials and have a positive impact on the development of the company.
It is reported that Xintai Materials, a wholly-owned subsidiary of Tianji Co., Ltd., is mainly committed to the research and development, production and sales of lithium hexafluorophosphate products. According to Tianji shares 2021 in the information, Xintai material lithium hexafluorophosphate annual design capacity of 8160 tons, lithium hexafluorophosphate production capacity in the forefront of the industry, products access to the vast majority of downstream application customer certification, and Jiangsu Cathay Pacific, BYD, Tianshan shares, Tianjin Taurus, Sinochem Lantian, Jinguang Tech and other electrolyte manufacturers stable cooperation, product supply and demand coordination.
However, Tianji said a few days ago that the company had conducted in-depth communication with electrolyte and battery factories, and they asked the company to continue to expand its production capacity, and the demand of several core customers would exceed 50,000 tons by 2023. The company's current production capacity can not meet the needs of customers, and the company will timely launch an expansion plan for new production capacity according to the changes and needs of the market.
The battery network noted that in addition to the signing of the above letter of intent to expand the capacity of lithium hexafluorophosphate, Xintai Materials, a subsidiary of Tianji Co., Ltd. in July, Xintai Materials, a subsidiary of the company, has jointly invested with the company's main shareholder Xinhua Chemical Industry in the construction of 76000 tons of lithium hexafluorophosphate and 20% hydrochloric acid. 47000 tons of new battery electrolyte additives, 47000 tons of fluoride and other product projects, the project is being stepped up implementation. Tianji shares in the July 29 research activities, the above capacity expansion speed is relatively fast, the new capacity will be completed in 2022 Q1, Q2 entered the trial production phase. The new 10,000 tons of production capacity is basically locked by several large electrolyte manufacturers.
It is worth noting that in terms of orders, in July alone, Tianji shares received long orders of no less than 21500 tons from regular customers BYD and Jiangsu Cathay Pacific Lithium hexafluorophosphate:
Recently, Xintai Materials, a wholly owned subsidiary of the company, signed a "long-term cooperation agreement" with Shenzhen BYD supply chain Management Co., Ltd. (hereinafter referred to as "Shenzhen BYD") for the long-term supply of lithium hexafluorophosphate. According to the agreement, Xintai Materials will supply no less than 3500 tons of lithium hexafluorophosphate to Shenzhen BYD from July 2021 to December 2022, and 3600-7800 tons in 2023.
On July 25, Skyline issued another announcement. Recently, Xintai Materials, a wholly owned subsidiary of the company, signed an annual procurement agreement with Zhangjiagang Guotai Huarong Chemical New Materials Co., Ltd., and Ningde Taihuarong New Materials Co., Ltd. on the supply of lithium hexafluorophosphate. The announcement shows that the two sides have determined the supply quantity of lithium hexafluorophosphate products: from July 2021 to June 2023, Xintai Materials will supply no less than 12000 tons of lithium hexafluorophosphate products; from July 2022 to June 2023, according to Xintai material production capacity and actual production, it is planned to supply no less than 2400 tons of lithium hexafluorophosphate products on the basis of the original locked supply.
Tianji said that Jiangsu Cathay Pacific, the company's core customer, signed a strategic cooperation agreement last year, and now the company has a 50% and 60% share in Jiangsu Cathay Pacific. This long order will be guaranteed 400 tons a month before July next year and 600-800 tons after July next year.
Everbright Securities pointed out that since September 2020, the sales of new energy vehicles have increased significantly, and under the background of rigid supply, the price of lithium hexafluorophosphate has gone up all the way. it is predicted that about 15000 tons of lithium hexafluorophosphate will be needed in the field of power batteries in 2021 and about 54400 tons in 2025, with an average annual growth rate of about 40%. The market prospect is very broad.
