The registered capital of AVIC Lithium Power has increased to 12.769 billion yuan, and the planned annual production capacity exceeds that of 200GWh.

On December 15, AVIC Lithium Technology Co., Ltd. (hereinafter referred to as "AVIC Lithium") changed its investors from 6 investors such as Chengfei Integration before the change to 35 investors. New Hubei Xiaomi Changjiang Industrial Fund Partnership (Limited Partnership), Xiamen Gold and Lithium Equity Investment Partnership (Limited Partnership), Shenzhen Getiansda Management Partnership (Limited Partnership) and so on.

In addition, the investor change of AVIC Lithium Power Co., Ltd. was carried out at the same time as obtaining Pre-A round financing, and its registered capital has changed from 6.996552365 billion yuan to 12.7687731 billion yuan, an increase of 82.5%.

Data show that AVIC Lithium Power was founded in 2007, the products cover ternary and lithium iron phosphate two major systems. On November 19th, the syndicate signing ceremony of AVIC Lithium A6 project was held in Xiamen Branch of Construction Bank, and the project received 2.5 billion yuan of financial support.

The AVIC lithium power project is the first 10 billion yuan investment project in Xiamen after the implementation of the strategy of "attracting investment and promoting development". The project has a total investment of 10 billion yuan and is divided into two phases of construction. The first phase of the A6 project started in September last year, with a total investment of 5 billion yuan. Production is expected in the fourth quarter of this year. This project will build a highly intelligent, green and environmentally friendly advanced battery and battery system industry base, which is expected to produce an annual production capacity of 20GW.

According to data from the China Automotive Power Battery Industry Innovation Alliance, from January to November, China's power battery production totaled 68.3 GWH, down 13.8% from the same period last year, and power battery loading totaled 50.7 GWH, down 3.5% from the same period last year.

In addition, the top 10 installed capacity of China's power battery enterprises from January to November are Ningde Times, BYD, LG Chemistry, AVIC Lithium, Guoxuan Hi-Tech, Panasonic, Yiwei Lithium Energy, Lishen Battery, Fooneng Technology and Ruipu Energy. From January to November, a total of 69 power battery enterprises in China's new energy vehicle market were equipped, 3 fewer than the same period last year, and the top 3, top 5 and top 10 power battery enterprises installed 36.5GWh, 41.7GWh and 46.8GWH respectively, accounting for 72.1%, 82.2% and 92.3% of the total, respectively.

At present, the market concentration in the field of power battery is further improved. with the increasingly fierce market competition, it is an inevitable trend that the resources are concentrated to the head enterprises in the future. Among the top five power battery companies in China, AVIC Lithium is the only unlisted company, and the industry speculates that AVIC Lithium this Pre-A round of financing, or to prepare for listing expansion, but also to provide financial and resource support for its capacity expansion.

According to CNAC Lithium Power official news, at present, the company has set up three major industrial bases in Changzhou, Luoyang and Xiamen; at the same time, the company is committed to the research and application of key technologies of power batteries to create a globally influential lithium battery science and technology innovation platform. At present, the company has a planned production capacity of more than 200GWH, making every effort to build the world's leading power battery manufacturer and strategic supplier of the world's outstanding automobile companies.