There is a strong demand for copper foil for power batteries. Jiayuan Science and Technology is scheduled to increase by 4.9 billion yuan to expand production.

Published: Nov 8, 2021 13:53

With the continuous upgrading of the requirements of new energy vehicles for mileage and energy density of power battery system, the development trend of power lithium battery in the direction of high energy density has been determined. Power battery enterprises have also put forward higher requirements for the product supply capacity, technology and R & D strength of copper foil production enterprises, promoting lithium copper foil enterprises to continuously strengthen production and R & D investment. In addition, with the thinness and shortening of consumer electronics, the production of differentiated products with high performance and high added value will become an important direction for the future development of China's electrolytic copper foil industry.

In the current strong demand, tight supply, domestic electrolytic copper foil leader Jiayuan technology once again announced financing expansion.

On November 5, Jiayuan Technology issued a preliminary plan to issue A shares to specific targets in 2021. The company issued no more than 70257493 shares to no more than 35 specific targets, including Jiayuan Industries, the company's controlling shareholder, and is expected to raise 4.9 billion yuan.

Among them, the total amount of money subscribed by Jiayuan Industry for this share issue is not less than 500 million yuan and not more than 1.35 billion yuan. Jiayuan Technology pointed out that the shares subscribed by Jiayuan Industries, the controlling shareholder, cannot be transferred within 18 months from the date of the end of the issue. "it is an important measure for the company's controlling shareholders to support the listed company by adding cash to the listed company. It reflects the controlling shareholders' confidence in the future development of the company."

According to the announcement, the fundraising project is mainly used in Guangdong, Shandong, Jiangxi, Fujian and other places to build high-performance lithium copper foil and high-end electrolytic copper foil production lines. After the completion of the fund-raising project, the company will add 46000 tons of high-performance lithium copper foil production line and 20, 000 tons of high-end electrolytic copper foil production line, which can effectively enrich the company's product structure. to meet the increasing needs of downstream customers for high-performance products, maintain high-quality customer resources, and consolidate in-depth cooperation with downstream enterprises to provide capacity guarantee.

Jiayuan Science and Technology pointed out that the high-performance lithium copper foil fund-raising investment project specifically involves three projects. After the relevant projects are completed and reached production, they are mainly used to produce high-precision ultra-thin electronic copper foil products for new energy power batteries. It mainly serves the domestic lithium-ion power battery manufacturers such as Ningde era, BYD, Funeng Technology and so on.

Jiayuan Technology further said that in the case of mass production of 6 μ m extremely thin lithium copper foil, the company has begun to mass ship high-performance extremely thin copper foil products of 6 μ m and below represented by 4.5 μ m extremely thin lithium copper foil, accumulating rich production experience for the company's smooth implementation of production expansion and capacity expansion in the future.

Copper foil is an important raw material for lithium battery anode material and copper clad laminate, and it is finally used in new energy vehicles, PCB and other fields. With the further improvement of the technical performance requirements of power lithium-ion battery, the lithium copper foil of 6 μ m and below will be one of the key raw materials of lithium-ion battery.

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There is a strong demand for copper foil for power batteries. Jiayuan Science and Technology is scheduled to increase by 4.9 billion yuan to expand production. - Shanghai Metals Market (SMM)