5.5 billion yuan! SAIC signed a joint venture with Qingshan to produce 20GWh power battery and system project.

On the evening of March 24th, Ruipu Energy announced that Qingshan Industry and SAIC (600104) joined hands with each other and jointly invested 5.5 billion yuan to build a 20GWh power battery and system project in Liuzhou, Guangxi. Relying on the advantages of Qingshan Industry in the research and production of new energy batteries and upstream raw materials, as well as SAIC GM Wuling's advantages in the new energy vehicle market, the project has been built in Liuzhou, the "China New Energy Automobile City". And plan to build a new energy vehicle power battery industry park.

At the signing ceremony, the Deputy Director of the Department of Industry and Information Technology of Guangxi Zhuang Autonomous region, the Vice Mayor of Liuzhou City, the Chairman of Ruipu Energy Co., Ltd., and the General Manager of Liuzhou Saike Technology Development Co., Ltd. Director of Liudong New area Management Committee, Chairman of Ruipu Energy Co., Ltd., and General Manager of Liuzhou Saike Technology Development Co., Ltd. signed the Project Investment Agreement between Battery Company and Battery system Company on behalf of the three parties.

According to reports, the signed project plans to build an annual production capacity 20GWh power battery and system industrial base in Liudong New area, with a total planning area of 1400 mu, including the production and manufacture of key products such as batteries, Pack systems, battery materials, electrolytes, and so on. The industrial base planning has a total investment of 10 billion yuan, of which the start-up project is a battery company and battery system company project, with an area of about 620mu. The annual production capacity of 20GWh new energy power battery cell production line and 20GWh battery system production line is divided into two phases, with a total investment of about 5.5 billion yuan. All the projects are expected to form an annual output value of 20 billion yuan after delivery. With the goal of building a new energy battery industry base with domestic competitive battery R & D and manufacturing capabilities, focus on the research and development, production and sales of batteries, modules, BMS and power battery packs, and at the same time, expand innovation business. Layout CTC chassis, battery echelon utilization, battery recycling and other businesses, and plan to attract upstream and downstream industrial chain enterprises such as positive and negative materials, structural components, diaphragms and electrolytes, to continuously improve the new energy battery ecosystem.

Battery Network noted that since the signing of the cooperation agreement between Qingshan Industry and SAIC in November 2021, the two sides have continued to promote strategic cooperation: at the beginning of this year, SAIC led the financing of the industrial round of Ruipu Energy under Qingshan Industrial Co., Ltd. to become the largest external strategic investor; On February 22nd, SAIC Group holding company Shangchai (600841) also announced that the board of directors of the company agreed to invest 180 million yuan as LP (limited partner) to participate in Jiaxing SAIC Yirui Equity Investment Partnership (limited partnership) and invest in Ruipu Energy Co., Ltd.

As one of the domestic traditional auto giants, why does SAIC invest in Ruipu Energy again and again?

From the perspective of Ruipu Energy, it belongs to Qingshan Group and was established in 2017. It is mainly engaged in R & D, production and sales of power / energy storage lithium-ion battery units to system applications, focusing on providing quality solutions for new energy vehicle power and intelligent electric energy storage. According to the data released by the China Automotive Power Battery Industry Innovation Alliance, in February this year, the installed capacity of Ruipu Energy Power Battery was 0.09G who from January to February, and the loading was 0.18GWh, ranking 12th in China.

Under the background of the increasing market penetration of new energy vehicles and the rapid development of energy storage, relying on the strong resource chain supply of Castle Peak, Ruipu Energy has completed a multi-dimensional global layout: it has established multiple strongholds in Shanghai, Wenzhou, Foshan, Shenzhen and Wuhan, and will launch overseas R & D, sales and production base construction in North America, Europe and other regions in 2023. With the continuous unlocking of more bases, the planned capacity will be as high as 200GWh by 2025.

In 2021, Ruipu Energy has achieved a breakthrough in international and domestic first-line car companies and energy storage customers, which has greatly improved Ruipu Energy's brand awareness and industry status, and its production capacity has increased from 6GWh to 16GWh.It has delivered nearly 4GWh batteries, among which the passenger car sector has delivered nearly 1.8GWh.It serves the global energy storage market close to 1.5GWh. Looking forward to 2022, Ruipu Energy aims to generate 6.7 billion yuan in revenue and increase its production capacity to 26GWh in the first quarter.

From the perspective of SAIC, the company is accelerating the transformation to electrification. In 2021, sales of new energy vehicles were 732600, up 128.93% from the same period last year. In January this year, sales exceeded 72000, up 25.5% from the same period last year. February still maintained a big increase, with sales exceeding 45000, an increase of 48.4% over the same period last year. Among them, in February this year, SAIC GM Wuling small and micro electric vehicles maintained rapid growth; SAIC passenger car company sold more than 9000 new energy vehicles; and SAIC Volkswagen sold more than 6300 new energy vehicles, taking the top spot in the joint venture brand.

In March, SAIC GM Wuling also released "two million, five billion"-- China's Wuling new energy strategy, which will create a million pure electricity new energy platform and a million hybrid new energy platform. and battery, electric drive, electronic control, business services, robot 50 billion industry. In 2023, we will strive to sell millions of new energy vehicles annually. At present, SAIC GM Wuling's global small pure electric platform GSEV has sold more than 800000 vehicles, of which Hongguang MINIEV has sold more than 600000 vehicles, winning the title of new energy sales in China for 18 months in a row and topping the global single model sales of new energy for the fifth time.

SAIC GM Wuling said that the landing of the annual 20GWh power battery and system project will become an important support for the company's "10 billion battery industry" strategy. At the same time, the landing of the project will also promote the construction of a high-end, intelligent, green and efficient modern automobile industry chain in Guangxi Zhuang Autonomous region and Liuzhou City, and expand, strengthen and optimize Guangxi's automobile industry and emerging industries.