Far East Battery wins 153 million Battery order in European Market

On October 8th, far East announced that in September, the company had received contract orders of more than 10 million yuan from subsidiaries totaling 1.842 billion yuan, an increase of 229.42 percent over the same period last year.

Among them, far East batteries received battery orders of about 170 million yuan in September. From a regional point of view, in September, far East batteries received orders of about 153 million yuan in the European market and 23.8 million yuan in domestic lithium battery orders.

From the European order point of view, far East battery Jiangsu won 110 million yuan battery order; Jiangxi far East battery won 43.362 million yuan order.

Battery China learned from far East shares that far East Battery Jiangsu won 110 million battery orders for customers of an European car company, and the battery will be used for car power, which shows that far East batteries have entered the European market and have been recognized by international car companies. In addition, the far East battery has also made a breakthrough in the overseas energy storage market, winning a total of 43.362 million yuan in European household energy storage system orders in September, and the energy storage business has officially entered the European market.

It is reported that at present, there are mainly two bases for far East batteries: Jiangxi Base (Jiangxi far East Battery Co., Ltd., referred to as "Jiangxi far East Battery") and Jiangsu Base (far East Battery Jiangsu Co., Ltd., referred to as "far East Battery Jiangsu"). It is reported that Jiangxi far East Battery is mainly engaged in R & D, production, sales and service of cylindrical lithium-ion batteries and power batteries. At present, it mainly produces 18650 and 21700 lithium batteries and power battery packs; the existing production capacity is 6GWH, including 21700 capacity 2GWh and 18650 capacity 4GWh.

Far East battery Jiangsu total production capacity planning 12GWH, the product is divided into NCM ternary and lithium iron phosphate two series, 1GWh has been put into production, focusing on the deep ploughing of lithium-ion soft package battery R & D and manufacturing.

Far East's lithium battery copper foil business also performed well in September, with subsidiary Shengda Electric Co., Ltd. signing a new copper foil order of 33.6671 million yuan in September. According to China's understanding of the battery, far East currently has a lithium copper foil production capacity of 15000 tons and has become one of the suppliers of Ningde era.

It is worth mentioning that from January to September this year, the accumulative total of newly signed orders for far East battery plates reached 1.643 billion yuan, an increase of 1223 percent over the same period last year, including 1.318 billion yuan for lithium batteries, an increase of 961.81 percent over the same period last year, and 324 million yuan for lithium copper foil.