Supply of Daimler and Hyundai Lithium Energy Ternary soft package production capacity will reach 10GWh

"the company plans to reach 10GWh in 2021." On May 7, at the 2020 annual performance online presentation meeting, Jiang Min, secretary of the board of directors and head of finance of Yiwei LiNeng, revealed that.

According to the annual report, Yiwei LiNeng achieved overseas income of 3.85 billion yuan in 2020, a sharp increase of 126.76% over the same period last year, and the proportion of overseas income increased to 47.18% from 26.48% in 2019. In response, Jiang Min said, "the main reason for the increase in export revenue of the company in 2020 is the smooth release of the production capacity of three-yuan soft-pack batteries and the realization of batch delivery for overseas customers."

In October last year, at the Fifth International Summit on Power Battery Application (CBIS2020), Liu Jincheng, chairman of Yiwei LiNeng, said that the company's soft pack ternary battery already has 9GWh capacity and has achieved full production, and that it will have all full production sales in 2021, which will be sold to Daimler and Hyundai, as well as for several new car-building forces in China.

It is understood that Yiwei Lithium Energy has previously signed long-term supply contracts with Daimler and Hyundai Kia, and the company's power battery supply will reach dozens of GWh in the next few years. In addition, Yiwei LiNeng also received an "olive branch" from BMW, Jaguar Land Rover and other top international car companies.

In July last year, Yiwei Power, a subsidiary of Yiwei LiNeng, received a fixed point letter from BMW brilliance with square Sanyuan supporting products, becoming the second Chinese power battery manufacturer to enter the BMW supply chain after the Ningde era. Three months later, Yiwei LiNeng announced that the company had received a fixed point letter from BMW, Germany, and the name of the project was "BK 48V". In February this year, Yiwei Lithium Neng won the designated project of Jaguar Land Rover 48V battery system.

At the performance presentation, Liu Jincheng also said that the company's ternary cylindrical batteries have been in bulk supply of electric two-wheelers, power tools and other markets, and with the rapid increase in demand from downstream customers, the company is currently carrying out capacity expansion.

As the traditional business of Yiwei Lithium Energy, lithium primary battery is in a leading position in the industry in terms of market share and core technology. With the gradual recovery of the global economy, the company expects the lithium primary battery business to maintain steady growth in 2021.

Liu Jincheng said that energy storage is of great significance to China's carbon peak and carbon neutralization. Yiwei Lithium is very optimistic about the future development of energy storage, and the company has made a strategic layout in the field of energy storage. The increase in the penetration of wireless Bluetooth headphones has a positive impact on the company's small lithium-ion batteries; the company has steadily increased production capacity to ensure that customer demand is supplied in a timely manner.

In view of the short-term fluctuation of raw material prices, Yiwei Lithium has formulated flexible and comprehensive strategies, such as reducing the cost of products and materials through production process improvement, and promoting the construction of strategic supply chain through in-depth cooperation with various aspects of the industrial chain. reduce the risk caused by the fluctuation of raw material prices and achieve a win-win situation in the industrial chain. The company expects that the rise in the price of upstream raw materials will have little impact on the company's operation.

In addition, Tang Yong, independent director of Yiwei LiNeng, said that the company signed the "Electric vehicle Strategic Cooperation Framework Agreement" with StoreDot on April 30 this year, and the two sides will carry out relevant cooperation in the field of electric vehicle batteries, using the company's existing pilot production line at this stage, and making some modifications and upgrades to test and manufacture extremely fast rechargeable battery products.

According to reports, Yiwei LiNeng sold 820 million lithium-ion batteries in 2020, and the company's annual report revealed that the production capacity of lithium-ion batteries under construction was 239 million. The company's effective capacity of lithium iron phosphate battery this year is 6GWh.In the first quarter of this year, the company's power battery revenue increased by more than 300% compared with the same period last year.