In March this year, Liu Jincheng, chairman of Yiwei Lithium Energy, said when attending the "second International Exchange Conference on New Energy vehicles and Power batteries" that the company found that after looking forward to the development in the next 3-5 years or even 10 years, the future lithium market space will be very huge, beyond many people's imagination. Based on this, Yiwei Lithium Energy will also adjust its development orientation from "striving for progress in stability" to "striving for something in the new energy era".
And now it seems that Yiwei Lithium Energy is indeed "working hard" in the field of power and energy storage.
On June 10th, Yiwei LiNeng announced that the company has signed a "strategic investment agreement" with the management committee of Jingmen High-tech Industrial Development Zone: the company and its subsidiaries will invest in the construction of a new energy power energy storage battery industrial park with an annual output of 104.5GWh in Jingmen Qiandao District, and introduce the supporting industry of lithium-ion power energy storage battery according to production demand.
It is understood that Yiwei Lithium Energy and its subsidiaries have built an annual 11GWh lithium-ion power energy storage battery project in Jingmen Kuidao District, as well as a lithium-ion power energy storage battery project under construction with an annual production of 11GWh, and then plan to invest in the construction of an annual 82.5GWh lithium-ion power energy storage battery project.
The construction scale of a single base is more than 100 GWH power storage battery project, which is also a big move of a few domestic battery enterprises.
It is worth noting that the above projects are only one of the three major projects in the June 10 announcement.
On the same day, Yiwei LiNeng also announced that Hubei Yiwei Power Co., Ltd. (hereinafter referred to as "Yiwei Power"), a wholly owned subsidiary of the company, will sign a "joint venture agreement" with Jiangsu Linyang Energy Co., Ltd., the two sides will invest in a new joint venture company, which will invest no more than 3 billion yuan to build an energy storage battery project with an annual production capacity of 10GWh. According to Battery China, Yiwei Power will account for 65% of the joint venture, and the project is planned to be located in Qidong, Jiangsu Province.
Another announcement is also related to power batteries. Yiwei LiNeng said that the company will use no more than 610 million yuan to increase capital to Jingmen Yiwei Chuangneng Lithium Battery Co., Ltd., a subsidiary of the company, to implement the "high-performance lithium-ion cylindrical battery industrialization project."
In fact, before this batch of large-scale investment in battery projects, Yiwei Lithium Energy has already invested 7.5 billion yuan in passenger car lithium iron phosphate and xHEV battery system projects this year. In addition, battery China has also learned that the Yiwei Lithium Energy soft pack battery project will be raised to 10GWhh this year, and will be fully sold.
The large-scale promotion of Yiwei Lithium Energy in the field of power energy storage, on the one hand, is closely related to the rapid development of new energy vehicles and energy storage market; on the other hand, after six years of development and accumulation, Yiwei Lithium Energy has built an omni-directional system such as technology system, product platform, quality control, manufacturing capacity and after-sales service capacity, which has the strong strength of international first-class battery enterprises.
01 foreign order volume power business ushered in the outbreak this year
According to the annual performance data of Yiwei LiNeng in 2020, the company's power battery business revenue in 2020 was 4.064 billion yuan, an increase of 93.08% over the same period last year. It is understood that in 2020 Yiwei lithium power battery business achieved substantial growth, mainly due to the rapid growth of overseas sales.
It is worth mentioning that with the release of Yiwei Lithium soft package, Square Ternary Lithium Phosphate Battery and Lithium Iron Phosphate Battery, Yiwei Lithium Energy overseas power battery business is expected to grow faster this year. A few days ago, Yiwei LiNeng announced results for the first quarter of this year, showing that the company's Q1 power battery sales increased by 302.21% compared with the same period last year. "the main reason is that the company's three-yuan soft bag battery orders are sufficient, the delivery is stable, and the lithium iron phosphate battery has also entered the capacity release period."
According to the understanding of Battery China, the overseas customers of Yiwei lithium power battery business in 2020 are mainly Daimler and Hyundai. At the same time, Yiwei LiNeng has developed international mainstream car companies such as BMW and Jaguar Land Rover since 2020.
Recently, foreign media reported that Tesla also intends to consider adding Yiwei Lithium to its supplier camp. In response to this news, Yiwei Lithium can respond that the company did not do business communication with Tesla on lithium iron phosphate battery, the relevant reports are unfounded. Although Yiwei LiNeng has "refuted the rumor", it can also be seen that after successively developing international mainstream car companies such as Daimler, BMW and Jaguar Land Rover, Yiwei LiNeng's strength has been widely recognized in the international market. the possibility of cooperation between the two can not be ruled out in the future.
In addition, from the perspective of the domestic market, Yiwei Lithium Energy has become the core supplier of a new car-building force in China, and its power battery installation has been in the forefront of the Chinese market.
After winning the orders of a number of international and domestic mainstream car companies, with the gradual release of their power battery capacity, it will accelerate its global supporting capacity and market influence.
Earlier, Liu Jincheng said in an interview with Battery China that 2021 will be a more "dominant" year for the company to develop in the power battery market. Judging from the accumulated orders of car companies, the growth of sales at home and abroad, and the company's continuous expansion of production, the performance of Yiwei Lithium in the field of power batteries this year may usher in significant growth.
02 strengthen the layout of the industrial chain and invest billions in the upstream
Industry organizations predict that under the global trend of automobile electrification, the global demand for power batteries will enter the TWh era by 2025.
In order to ensure the normal release of power storage battery capacity in the future and provide high-quality and stable delivery for downstream customers, Yiwei Lithium Energy has also carried out a large-scale "mending chain" upstream since the beginning of this year, in order to enhance the safety of its raw material supply and enhance its overall competitiveness.
In terms of ternary cathode materials, in May this year, Yiwei LiNeng set up a joint venture with Bertre and SKI, with a registered capital of 1.954 billion yuan. Among them, Yiwei Asia, a subsidiary of Yiwei Lithium Energy, contributed 469 million yuan in cash, accounting for 24% of the registered capital of the joint venture company. It is reported that the joint venture company will build a production line with an annual output of 50000 tons of high-nickel ternary cathode materials.
In terms of lithium iron phosphate cathode materials, in March this year, Yiwei Lithium was able to sign a "joint venture agreement" with German Nano, and the two sides set up a joint venture company in the form of joint investment. Among them, Yiwei LiNeng subscribed 40 million yuan and held a 40 per cent stake in the joint venture company, while German Nano subscribed 60 million yuan with a 60 per cent stake. The joint venture company focuses on the production of low-cost and high-quality lithium iron phosphate and gives priority to supply to Yiwei Lithium Energy and its subsidiaries. the total investment of the project is 2 billion yuan, with an annual production capacity of 100000 tons, and will achieve mass production within 12 months after the agreement takes effect.
In terms of precursors and cobalt resources, in January this year, Yiwei LiNeng also spent 1.8 billion yuan to subscribe for Huayou Cobalt Dingzeng shares, aiming to lock in the stable supply of Huayou high nickel ternary precursor materials and their raw materials and cobalt resources in advance.
In addition, in May this year, Yiwei Asia also worked with Yongrui Holdings Limited, Glaucous International Pte.Ltd, Huayou International Cobalt (Hong Kong) Co., Ltd., LINDO INVESTMENT PTE.LTD. The Joint Venture Agreement on Indonesia Huayu Nickel Cobalt laterite Nickel Ore Wet smelting Project was signed, and the parties agreed to build a laterite Nickel Ore Wet smelting Project in Weda Bay Industrial Park, Hama Hera Island, Indonesia, and set up a joint venture company in Indonesia to implement the project. The design scale of the project is about 120000 tons of nickel metal products and about 15000 tons of cobalt metal products.
As soon as it is sold, it can be seen that Yiwei Lithium Energy is very optimistic about new energy vehicles and energy storage market, as well as the company's deep expertise in technology, products, platforms, customers and international service capabilities.
A gentleman hides utensils in his body and waits for time to move. Since the beginning of this year, Yiwei Lithium Energy has invested heavily in the fields of power batteries and energy storage of new energy vehicles.
