8 billion to build a factory and sign a contract with Jianfa Group to speed up the layout of Xiamen market in the Ningde era.

On November 15, Ningde Times New Energy Technology Co., Ltd. (hereinafter referred to as "Ningde Times") and Xiamen Jianfa Group Co., Ltd. (hereinafter referred to as "Jianfa Group") signed a strategic cooperation agreement in Ningde.

According to the agreement, Ningde Times and Jianfa Group will focus on the needs of strategic development, give full play to their respective advantages, and carry out cooperation and exchanges in many fields, such as business model innovation in battery application scenarios, new energy automobile industry, supply chain business cooperation, and so on. In the future, based on the cooperation model of innovative development and mutual benefit, the two sides will provide first-class solutions for the application of the new energy market and help achieve the goal of "double carbon".

At the signing ceremony, time Electric Service, a subsidiary of Ningde Times, and the participating companies Ningpu Times and time Wisdom respectively signed a number of cooperation agreements with Jianfa Automobile and other subsidiaries of Jianfa Group.

It is reported that as early as September this year, Ningde Times Chairman Zeng Yuqun and his entourage visited Jianfa Group to communicate with the latter on existing cooperation business and potential cooperation areas. among them, it focuses on the further cooperation in the upstream and downstream supply chain business of new energy vehicles and power batteries, hoping to give better play to their respective advantages and strengthen cooperation between the two groups to achieve common development. For the conclusion of this cooperation, the relevant person in charge of the Ningde era said: "this is a cross-border contract in a particularly wide range of areas of cooperation in the Ningde era."

Before cooperating with Jianfa Group, Ningde Times announced on November 5 that it planned to build the first phase of Guizhou new energy power and energy storage battery production base in Gui'an New area, Guizhou Province, with an investment of no more than 7 billion yuan; at the same time, it is proposed to build Xiamen era lithium-ion battery production base (phase I), with an investment of no more than 8 billion yuan.

According to the announcement, the Xiamen project is located in Torch High-tech Zone, Xiamen City, Fujian Province, with a planned land area of about 1000 mu and a construction period of no more than 26 months. the main investor of the project is Xiamen Times New Energy Technology Co., Ltd.

With regard to the investment and construction of the Xiamen project, Ningde Times said that it will increase the company's capital expenditure and cash expenditure, but it will have a positive impact on the company's business layout and operating performance in the long run. it will further meet the needs of the company's future business development and market expansion.

It is also reported that before the above move, the Ningde era had many "close contacts" with Xiamen. On September 7 last year, Xiamen time Sikang New Energy Research Institute Co., Ltd. was established with a registered capital of 20 million yuan, of which Ningde Times held 35% of the shares. On December 16 of the same year, Ningde Times and another A-share listed company grand explosion set up a joint venture in Xiamen-Fujian Hongda Times New Energy Technology Co., Ltd., with a 26% stake in Ningde Times. On October 8 this year, Ningde Times, as one of the limited partners, participated in investing in Xiamen Yinshan Equity Investment Partnership (limited partnership). The company subscribed 300 million yuan and held 19.80% of the fund. The fund intends to invest in enterprises in modern logistics, logistics technology, digital intelligence supply chain and other industries.

From this point of view, whether it is planning to build a new power battery production base in Xiamen, or signing cooperation with Xiamen local listed company Jianfa Group, Ningde era's new energy industry layout in Xiamen has gone from behind the scenes to the foreground.