Expansion of power battery production and ignition demand Lixing laser has nearly 250 million revenue of lithium power equipment in this year.

The latest data show that from January to September, the production and sales of new energy vehicles in China completed 2.166 million and 2.157 million respectively, an increase of 1.8 times and 1.9 times respectively over the same period last year. The installed capacity of power batteries totaled 92GWH, an increase of 169.1% over the same period last year.

The production and sales of new energy vehicles have hit record highs one after another, the installed capacity of power batteries has increased steadily, and the giant lithium batteries are also speeding up the pace of investment. According to the previous statistics of Battery Network, in the field of lithium batteries, in terms of the scale of investment this year, large-scale expansion of production by giants is still the main theme. Ningde Times, AVIC Lithium Power, Guoxuan Hi-Tech, Yiwei Lithium Energy, Funeng Technology, Honeycomb Energy, Ruipu Energy, Xinwanda and other domestic power battery enterprises ranked among the top 10 companies to announce 10 billion-level investment.

The new round of production expansion of power battery releases a large number of lithium equipment demand. as an indispensable part of the production process, laser equipment plays a vital role, which can effectively improve the safety, reliability and life of power battery.

Huajin Securities has calculated the market space of laser equipment in the lithium power field. According to estimates, the average annual market size of laser equipment in the lithium power field in China from 2021 to 2025 is more than 7 billion yuan.

The market demand for lithium power equipment is strong. Recently, Yao Yudong, chairman of Shenzhen Lixing Laser Intelligent equipment Co., Ltd. (referred to as: Lixing Laser), said when communicating with the battery network, according to the national "14th five-year Plan" and the situation of carbon peak and carbon neutralization, the lithium field is undoubtedly a huge potential growth point. At present, the domestic production rate of lithium power equipment accounts for more than 70%, and driven by the new production capacity, the market scale of domestic lithium power equipment will reach more than 17.5 billion in 2022.

It is understood that Lixing Laser belongs to Lixing Laser Group, founded in 2018, is a research and development, production, sales, service in one of the national high-tech enterprises, the company's lithium field products are mainly laser coding machine, laser polar ear cutting machine, laser polar ear cleaning machine, laser cover plate welding machine and automation line and so on.

In the new energy industry, Lixing Laser has a lot of cooperation with well-known new energy companies, such as BYD, Kodali, Zhenyu Technology, Lixiang Electronics, Rui Defeng, Changying Precision, Penghui Energy and so on. As of September 2021, the company's new energy industry order sales of nearly 250 million yuan, sales performance more than double that of 2020.

In terms of scientific research reserves, according to Yao Yudong, Lixing Laser actively cooperated with scientific research institutions at home and abroad to achieve a leading level in the industry in the development of new models and new technology reserves, and actively carried out process research cooperation projects with some head customers at home and abroad. For example, the company set up a GLORYSTAR laser R & D center with German laser experts. And maintain close technical interaction and cooperation with many well-known universities and optical research institutions, such as the School of Optoelectronics of Peking University, Dongguan Institute of Technology, etc., and gain a lot of leading successful experience in laser application in the lithium battery industry.

As a leading company in laser equipment, Lixing Laser also has its own complete research and development system. Yao Yudong said that the company has set up a laser application research institute and increased investment in research and development, accounting for about 15% of the company's annual business income. Every year, there are more than 100 patents such as inventions.

"at present, the company's production capacity is in a period of rapid expansion and is speeding up to catch up with the leading enterprises." Yao Yudong told Battery Network that Lixing Laser will actively carry out industrial layout in line with the development of the lithium industry, and will add two new production bases in the west and east in the next two years to increase production capacity and better serve customers.