Next year, Guoxuan Hi-Tech plans to start production of super-50GWh power batteries and its total capacity is expected to reach 100GWh.

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On the afternoon of December 17th, the supplier Conference and Strategy Conference of Guoxuan Hi-Tech (002074) was held in Hefei, Anhui Province. The conference released the company's four strategies of operation, research and development, supply chain and quality in 2022.

In terms of business strategy, Wang Qiang, president of Hefei Guoxuan, said that in 2021, Guoxuan high-tech production capacity increased by 74%, delivery volume increased significantly, and the market capitalization exceeded 100 billion. In 2022, the market layout of Guoxuan Hi-Tech covers four major areas: automotive, energy storage, specialty and recovery. It will continue to build or expand on the basis of the ten major production bases. By the end of 2022, Guoxuan's production capacity is expected to reach 100GWh.It is planned to put into production to exceed 50GWh.

In terms of R & D strategy, Cai Yi, president of the General Institute of Industry and Research, said that in 2021, Guoxuan Hi-Tech high energy density 300Wh/kg cells were loaded, and breakthroughs were made in the research and development of 230Wh/kg iron lithium cells and 110Ah semi-solid batteries. In 2022, Guoxuan Hi-Tech will continue to focus on material system development, battery development, forward-looking technology development, product engineering design and energy storage product planning, focusing on energy density 260Wh/kg iron lithium cell and 400Wh/ kg ternary cell.

In terms of supply chain strategy, Sun Aiming, vice president of Guoxuan Tech, said that in 2022, Guoxuan Tech will strengthen supplier management through process standardization and hierarchical management, create a sunny supply chain and achieve symbiosis and win-win results. In the supply strategy released 6311 supply strategy, will achieve 6-month long forecast, 3-month orders, 1-month plan, 1-week safety inventory.

In terms of quality strategy, Fan Sicheng, senior director of Guoxuan Hi-Tech quality Center, said that in 2022, Guoxuan will standardize Volkswagen's quality standards and management system, and all suppliers' incoming targets must achieve 2000ppm, and the market index must be reduced to 500ppm. And through upgrading management to encourage suppliers to improve quality.

It is worth noting that the non-public offering of shares by Guoxuan Hi-Tech to Volkswagen (China) Investment Co., Ltd. (hereinafter referred to as Volkswagen China) has completed the registration of new shares and was listed on December 15. After the completion of this offering, Volkswagen China will become the largest shareholder of the company. On November 5, Volkswagen China has remitted the subscription money to the special account of the sponsor institution in full. After capital verification, as of November 5, 2021, the special account of subscription funds designated for this issue has received RMB 7.303 billion from Volkswagen China. It will be mainly used for the industrialization project of new Guoxuan battery with annual output of 16GWh high specific energy power lithium battery, the new Guoxuan material project with annual output of 30, 000 tons of high nickel ternary cathode material and supplementary liquidity.