Ningde Times plans to set up a new energy fund to invest in lithium electricity, new energy vehicles and other fields in 548 million.

On the evening of February 10th, Ningde Times (300750) issued a notice saying that the company will cooperate with a number of companies to jointly fund the establishment of Fujian Times Mindong New Energy Industry Equity Investment Partnership (hereinafter referred to as "time Mindong New Energy"). Special investment in lithium-ion batteries and materials, intelligent manufacturing, energy storage, intelligent driving, renewable energy, new energy vehicles, information technology, artificial intelligence, upstream and downstream related industries and extended ecological fields.

The announcement shows that time Mindong New Energy was founded on February 9, 2021 and will be engaged in equity investment, investment management, asset management and other activities with private equity funds. The total subscribed capital contribution of the company is 2.5 billion yuan, of which Ningde era subscribes 548 million yuan as a limited partner, and Ningbo, a wholly-owned subsidiary, subscribes 1 million yuan as a general partner, both of which hold 21.96% of the fund.

Participants include Qingdao SAIC Innovation and upgrading Industry Equity Investment Fund Partnership (holding 40% of the above-mentioned funds), Zhuhai Puman Logistics Industry Equity Investment Partnership, Ningde Transportation Investment Group Co., Ltd., and Shanghai SAIC Hengxu Investment Management Co., Ltd.

Ningde Times said that the main purpose of this investment is to make use of the advantages of partners and professional investment institutions, integrate resources of all parties, grasp investment opportunities in the upper and lower reaches of the industrial chain through professional management and market-oriented operation, and cooperate with the company to further improve the industrial layout.

Battery Network noted that recently, in terms of capacity expansion, after a huge investment of 39 billion yuan, Ningde Times threw 29 billion yuan to expand lithium battery production: on the evening of February 2, Ningde Times announced that the company plans to invest in the construction of power and energy storage battery production base in Zhaoqing City, Guangdong Province, with a total investment of no more than 12 billion yuan. It is planned to invest in the fifth and sixth phases of the power battery Yibin manufacturing base in the Lingang Economic and technological Development Zone, Yibin City, Sichuan Province, with a total investment of no more than 12 billion yuan. Time FAW Power Battery Co., Ltd., a subsidiary of the company, plans to invest in the expansion project of time FAW power battery production line in Xiapu County, Ningde City, Fujian Province, with a total investment of no more than 5 billion yuan.

Ping an Securities said that after this production expansion project, the Ningde era capacity planning figures have been refreshed again. The total planned capacity of Ningde base 153GWh (Hudong 23GWhs + Huxi Phase I and II 24GWhs + Huxi expansion 16GWhs + Cheliwan 33GWhs + Fuding 57GWh); Liyang Base total planned capacity reached 88GWh (Phase I and Phase II total 24GWhs + Phase III 24GWhs + Phase IV 40GWh); Qinghai Base already has a capacity of 6.5GWhs, reaching the upper limit of planning capacity; Sichuan base planning capacity 103GWh (Phase I 12GWhH + Phase II 18GWhh + Phase 34th Phase 33GWH + 56th Phase 40GWh); Guangdong Zhaoqing newly built 25GWhh; Germany Thuringen factory planning capacity 14GWhH, there will be further production expansion plans in the future. According to our statistics, the total planned capacity of batteries in Ningde era is more than 360 GWH, which is 7 times that of 53GWh at the end of 1919. In addition, the company also plans battery production capacity of about 95GWh in joint ventures with major mainframe factories (SAIC 36GWhs + GAC 10GWhs + Dongfeng 9.6GWhs + FAW 30GWhs + Geely 10GWh). The continuous increase in production capacity highlights the company's leading position and the fact that the supply of high-quality capacity exceeds demand under the rapid expansion of the industry.

According to the latest data released by the China Automobile Association, in January, the production and sales of new energy vehicles in China completed 194000 and 179000 respectively, down 17.8% and 27.8% respectively from the previous month, and an increase of 285.8% and 238.5% respectively over the same period last year. New energy vehicles continue to set a new monthly sales record, which has been going on for seven consecutive months. Of these, the production and sales of pure electric vehicles completed 166000 and 151000 respectively, up 366.6% and 287.8% respectively over the same period last year; the production and sales of plug-in hybrid vehicles completed 28000 and 29000 respectively, up 92.4% and 104.7% respectively over the same period last year; and the production and sales of fuel cell vehicles completed 29 and 63 respectively, down 80.0% and 63.2% respectively.

Soochow Securities said that the Q1 industry continued to be full production and the boom exceeded expectations. The company's production schedule continued to be full in January, fell slightly during the Spring Festival in February and resumed in March. Q1 is expected to schedule more than 20gwh, an increase of 300% compared with the same period last year. For the whole year, the demand at the tob end of the domestic market has recovered, while the volume of new models MY and ID4 has been released, and the new power of car building has risen to a higher level. Soochow Securities expects domestic sales of more than 2 million vehicles in 21 years, and the corresponding battery demand is about 100 GWH, an increase of 50 percent over the same period last year.