Sichuan Road and Bridge (600039.SH) closed the trading limit at the opening of trading on October 21, which involved raising no more than 2.5 billion yuan to be introduced into 002594.SZ (BYD) and Neng Investment Group to cooperate in the areas of lithium electricity plate, energy storage and rechargeable pile business.
"at present, Sichuan Luqiao has a production capacity of 10,000 tons / year ternary cathode materials and 20,000 tons / year cathode material precursors." An industry source told the Financial Associated Press.
On the evening of October 20, Sichuan Road and Bridge disclosed 30 announcements in one breath, mainly involving two major events. First, the company intends to issue shares and pay cash to buy 100.00% equity after the change of Communications and Construction Group into a limited liability company, 100.00% equity of Gaolu Construction and 96.67% equity of Gaolu Greening, involving an amount of 1.8 billion yuan; second, it is proposed to submit production and financing of non-public offering shares to Neng Investment Group, BYD and related parties to raise matching funds of no more than 2.5 billion yuan, and the three parties will join hands in the layout of lithium electricity, energy storage and other sectors.
With regard to the cooperation between Sichuan Road and Bridge, BYD and the Energy Group, a reporter of the Financial Associated Press learned from people in the industry that the introduction of two major strategic customers is mainly an agreement to ensure the upstream material supply of Sichuan Road and Bridge and the downstream sales of lithium cathode material products, while involving cooperation in energy storage, "transportation +" and so on.
According to the cooperation agreement, BYD gives priority to purchasing lithium materials from Sichuan Road and Bridge under the same conditions. Sichuan Road and Bridge also gives priority to ensuring the supply of BYD's lithium materials and ensures that the price provided to BYD is the most favorable price under the same conditions.
In the energy storage sector, the company will rely on BYD's advanced "iron battery" energy storage technology and Sichuan Road and Bridge project experience, the two sides will jointly develop energy storage equipment used in construction, transportation services and clean energy fields. in addition, the two sides will cooperate in mineral resources, energy storage and other fields.
In terms of cooperation with Neng Investment Group, in addition to the cooperation of "transportation + service" and "infrastructure", in the energy sector, NEI promised to supply a certain amount of lithium salt to Sichuan roads and bridges according to the market price every year on the premise of being in line with commercial value. The two sides will lay out the charging pile business in the service area of Sichuan Luqiao Expressway in the form of a joint venture to jointly develop the business layout of the downstream end of energy storage.
As of the 21st, Sichuan roads and bridges closed at 9.28 yuan, an increase of 9.95%.
