Another battery company goes out to sea! Yiwei Lithium Energy plans to buy land to build a power battery factory in Hungary

Published: Mar 30, 2022 13:10
Another battery company goes out to sea! Yiwei LiNeng plans to buy land to build a power battery factory in Hungary] Yiwei LiNeng notice that the company recently signed a letter of intent with a subsidiary of the Hungarian Debrecen government, and the company or its subsidiary entities (later designated) intend to purchase the target property from the seller and set up a power battery manufacturing plant in Hungary in accordance with the terms and conditions stipulated in this letter of intent.

On the evening of March 29th, Yiwei LiNeng (300014) announced that the company recently signed a "PROJECT ROSE-NON-BINDING LETTER OF INTENT" (hereinafter referred to as "this letter of intent") with Debreceni Ingatlanfejleszt Debrecen Korl á tolt (Debrecen), a subsidiary of the Hungarian government, and Tá ras á g (hereinafter referred to as "the seller"). The company or its subsidiary entities (hereafter designated) intend to purchase the target property from the seller in accordance with the terms and conditions set out in this letter of intent. And set up a power battery manufacturing plant in Hungary.

Yiwei LiNeng said that this cooperation will effectively meet the demand for production land for the future development of the company, and will help all parties to give full play to their respective resources and advantages, and further expand the production capacity of power storage batteries. Continue to consolidate and enhance the company's influence, comprehensive competitiveness and international level in the new energy industry is an important measure for the company to improve the global industrial layout.

Battery Network noted that in addition to Yiwei Lithium Energy, battery companies such as Ningde era, Funeng Technology, Honeycomb Energy, Weihong Power, and Guoxuan Hi-Tech are also speeding up their overseas layout.

In addition, overseas layout is making efforts, and Yiwei Lithium can expand its domestic production capacity more rapidly. since the beginning of this year, a number of production expansion projects of the company have been launched:

On the evening of March 10, Yiwei LiNeng announced that Hubei Yiwei Power Co., Ltd. (hereinafter referred to as "Yiwei Power"), a subsidiary of the company, intends to sign a "contract" with the Management Committee of Jingmen High-tech Industrial Development Zone (hereinafter referred to as "Jingmen High-tech Zone Management Committee"). The construction of 20GWh square lithium iron phosphate battery production line and auxiliary facilities project and 48GWh power storage battery production line and auxiliary facilities project were invested in Jingmen High-tech Zone respectively, with a total investment of about 12.6 billion yuan in fixed assets.

On February 16, Yiwei LiNeng also signed the New Energy Battery whole Industry chain Project Cooperation Agreement with the people's Government of Yuxi City, Yunnan Province, Enjie shares, Yuntianhua and Huayou Holdings, and planned to build new energy batteries, lithium battery isolation membranes, iron phosphate and lithium iron phosphate, copper foil projects and other battery supporting projects in Yuxi City in the future.

On January 29, Yiwei LiNeng signed the Strategic Cooperation Framework Agreement with the people's Government of Huizhou City, and the two sides will deepen strategic cooperation to create a 100 billion-level new energy battery industry cluster in Huizhou. Yiwei Lithium Energy and its holding companies will also invest no less than 2 billion for local R & D and innovation investment in Huizhou.

According to the research report released by Huaxin Securities, so far, the production capacity of Yiwei Lithium Iron Phosphate has reached 20GWh, ternary square 2.5GWh, ternary soft package 10GWh. It is expected that Yiwei LiNeng 10GWH ternary square will be put into production by the end of 2022, and the company's 20GWh large cylinder project will be put into production in 2023. It is estimated that 2022 power storage energy shipments are expected to reach 30GWh, more than double that of 2021.

Recently, Yiwei LiNeng said in a survey of reception agencies that the market demand for ternary cylindrical batteries, including 18650 and 21700, is very good, and the company is committed to expanding the scale of superior products, so in the cylindrical battery business, the company will continue to expand production capacity to meet downstream demand. In addition, the company's three-yuan soft package 10GWh production capacity is in a state of full production and full sales.

At the same time, in order to support the demand for battery capacity expansion, Yiwei LiNeng has also made frequent efforts in the protection of battery materials. in terms of upstream resource products, it has cooperated with Huayou, Greenmei, Dahua Chemical plus nickel and lithium resources. in the middle reaches of the materials with the new Zebang, China Science Star City, Enjie shares, Germany Nano, Beitre and other to achieve in-depth layout.

In January this year, Yiwei LiNeng issued an announcement, successfully bidding for Chai Jian's 35.2857% stake in Xinghua Lithium Salt, with a final transaction price of 144 million yuan (excluding auction service fee). At the same time, the company signed an "equity transfer agreement" with Mr. Zhai Yanhong, a shareholder of Xinghua Lithium Salt, to transfer Mr. Zhai Yanhong's 13.7143% equity stake in Xinghua Lithium Salt with 56.0158 million yuan with reference to the above auction transaction amount of the company. After the completion of the above transaction, the company directly owns 49% of Xinghua Lithium Salt.

In the same month, Yiwei LiNeng also announced that it signed a "Strategic Cooperation Agreement" with Lanxiao Science and Technology, and the two sides will carry out in-depth cooperation in the lithium resources industry chain and actively participate in the development and utilization of lithium resources in Jieze Chaka Salt Lake, Tibet. Lanxiao Technology will encourage all parties involved in the project to give priority to the long-term supply of qualified lithium salt to the company and its designated parties at competitive prices. The agreement tentatively stipulates a period of 15 years for cooperation.

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Another battery company goes out to sea! Yiwei Lithium Energy plans to buy land to build a power battery factory in Hungary - Shanghai Metals Market (SMM)