With the rapid development of automobile electrification, the strategic position of lithium resources is becoming more and more important, and the upward extension layout of battery enterprises has become the general rule of head enterprises.
On October 22nd, Yiwei LiNeng announced that it was entrusted by Qinghai Chaidamu Development and Construction Investment Co., Ltd. (referred to as "Chaijian Investment"). Qinghai property rights trading market publicly transferred 35.2857% of Chaidamu Xinghua Lithium Salt Co., Ltd. (referred to as "Xinghua Lithium Salt") held by Chai Jian Investment Co., Ltd. (referred to as "Xinghua Lithium Salt"). The listing price is 144 million yuan. The board of directors of Yiwei LiNeng agreed to use its own funds to participate in the bidding for 35.2857% of the shares of Xinghua Lithium Salt within the authority of the board of directors, and authorized the chairman of the company to determine the auction price and sign relevant contracts and documents according to the auction situation.
According to public data, Xinghua Lithium Salt was established in March 2016 as a joint venture between Dahua Chemical Company and Chaidamu Construction Investment Co., Ltd., of which Dahua Chemical Company holds a 51% stake and is the controlling shareholder. It is reported that Xinghua lithium salt has built an annual production line of 10, 000 tons of lithium chloride, 2000 tons of lithium hydroxide, 3000 tons of lithium carbonate and 25000 tons of boric acid.
It is worth mentioning that Dahua Chemical enjoys the mining right of Dachaidan Salt Lake, while the area of Dachaidan Salt Lake is about 240square kilometers, and the mining right area is 89.7505 square kilometers. it exploits boron ore, potash ore, lake salt, lithium and bromine.
It is reported that this is the second time that Yiwei Lithium Energy has been added to the upstream lithium resources this year.
In July this year, Yiwei LiNeng announced plans to acquire 5% of Dahua Chemical, and its controlling shareholder, Tibet Yiwei Holdings, intends to acquire 29% of Dahua Chemical, making it the second largest shareholder in Dahua Chemical.
On the same day of the announcement, Yiwei LiNeng also announced that it planned to acquire a 28.125% stake in Jin Kunlun Lithium Industry, a subsidiary of Dahua Chemical Co., Ltd. In addition, the two sides plan to set up a new joint venture in Qinghai, with Yiwei holding 80% and Jin Kunlun 20%, and will invest 1.8 billion yuan in stages to build a lithium carbonate / lithium hydroxide project with an annual production capacity of 30, 000 tons.
According to the data of the Power Battery Application Branch, from January to September this year, Yiwei Lithium Energy installed about 1565.65MWH power batteries in the Chinese market, ranking sixth. However, it should be pointed out that at present, the installed capacity of Yiwei Lithium Energy in the overseas market is significantly higher than that in the domestic market.
According to the H1 financial report released by Yiwei LiNeng in 2021, the company achieved operating income of 6.56 billion yuan in the first half of this year, of which overseas revenue reached 3.605 billion yuan, accounting for 54.95%. In terms of growth rate, overseas sales of Yiwei LiNeng grew by 132.87% in the first half of the year, higher than the domestic growth rate of 81.51%.
According to the financial report of breaking up Yiwei LiNeng, the company's power battery business income in the first half of the year was 3.891 billion yuan, an increase of 185.95% over the same period last year. Liu Jincheng, chairman of Yiwei LiNeng, said in an interview with the media that the company's 10GWh soft package production capacity will be full this year.
From the proportion of its overseas revenue and power battery business, it can be seen that the installed capacity of power batteries in the overseas market is significantly higher than that in the domestic market in the first half of the year. From January to September this year, the company's global installed capacity is expected to be much higher than the domestic data.
In fact, thanks to the rapid growth of its global power battery orders and shipments, Yiwei Lithium Energy has also been rapidly expanding its power and energy storage battery capacity since the beginning of this year. Since the beginning of this year, Yiwei Lithium can spend tens of billions of yuan to expand the production capacity of lithium iron phosphate and ternary batteries.
Based on the demand of customer orders and capacity expansion, in order to further enhance the upstream lithium resource guarantee capacity and cost competitiveness, we have a good understanding of a series of extended layout actions in the upstream lithium battery industry chain.
