Yiwei Lithium Energy holds hands with StoreDot to develop extremely fast rechargeable batteries for electric vehicles

On April 30th, Yiwei LiNeng (300014) issued an announcement, on the same day, the company signed "EV STRATEGIC COLLABORATION FRAMEWORKAGREEMENT" ("Electric vehicle Strategic Cooperation Framework Agreement") with StoreDotLtd. (hereinafter referred to as "StoreDot"), hoping to cooperate on electric vehicle batteries, use the company's existing test production line at this stage, and carry out some modifications and upgrades to test and manufacture extremely fast rechargeable battery products. Subsequently, if the extremely fast rechargeable battery has been successfully produced on a commercial scale and has passed all the tests jointly determined by both parties to prove its high reliability and maturity, the establishment of a joint venture for the production of this product will be evaluated and discussed.

It is reported that StoreDot is a limited liability company officially registered under Israeli law, is an innovative leader in the field of materials and equipment applications, and is in a leading position in the field of fast rechargeable battery technology.

According to the announcement, Yiwei LiNeng signed the Amendment to the Framework Agreement with StoreDot in March 2019 and March 2020 respectively, and the two sides agreed to extend the agreement to March 31, 2020 and March 31, 2021, which has been completed. The signing of the cooperation framework agreement is the third cooperation between the two sides.

Yiwei LiNeng said that the signing of this agreement will help the two sides to form a long-term strategic cooperative relationship, so as to further promote the two sides to give full play to their respective resources and advantages, and to carry out close cooperation in the technology development and market promotion of extremely fast rechargeable battery products. to maximize economic and social benefits will help to further promote the company's development in the new energy vehicle market.

Battery Network noted that since its inception, Yiwei LiNeng has been focused on the innovative development of lithium batteries, with lithium primary battery, small lithium-ion battery, power battery core technology, committed to the Internet of things, energy Internet to provide green high-energy, safe and reliable power solutions.

According to the 2020 annual report of Yiwei LiNeng, the company invested 723 million yuan in R & D last year, accounting for 8.86% of its operating income, and the number of R & D personnel has increased to 1751. By the end of last year, the company had applied for 2369 national patents, of which 1097 were authorized. Relying on the advanced scientific research platform and the international and systematic technical team, the company has conquered many core technologies of lithium battery. and successively won 4 Chinese patent excellence awards, 3 Guangdong patent excellence awards, 2 Guangdong science and technology first prize and 1 China Light Industry Federation science and technology invention first prize.

Yiwei LiNeng's long-term emphasis on technological innovation has also highly empowered the company's performance growth. Last year, the company achieved a total operating income of 8.162 billion yuan, an increase of 27.3% over the same period last year. Based on the impact of non-recurrent and non-cash items of the participating company, Smallinternational, the net profit belonging to the shareholders of the parent company was 1.652 billion yuan, an increase of 8.54% over the same period last year. If the above assumptions are not taken into account, the net profit attributed to the shareholders of the parent company is 2.191 billion yuan, an increase of 43.93% over the same period last year.

In 2021, Yiwei lithium can maintain a high-speed development trend. In the first quarter of this year, the company achieved operating income of 2.958 billion yuan, an increase of 125.98% over the same period last year, while the net profit belonging to shareholders of listed companies was 647 million yuan, an increase of 156.22% over the same period last year. Among them, the company's power battery sales increased by 302.21% compared with the same period last year, mainly due to sufficient orders for soft-bag ternary batteries used in passenger cars and stable delivery.

Yiwei LiNeng said that in the future, it will continue to explore and innovate, use a green manufacturing system with more temperature and power, create greener and energy-saving products and solutions, and contribute "Yiwei Power" to global climate governance.