The total investment of Longdian Huaxin Nanjing Lishui Lithium Electric Copper foil Project is 10 billion yuan.

According to news from Lishui Industrial New City, the groundbreaking ceremony of Nanjing Longxin Electronic Technology Co., Ltd., the East China headquarters of Longdian Huaxin Group with a total investment of 10 billion yuan, was held in Nanjing Lishui Industrial New City on May 17.

This is the first lithium copper foil production base established by Longdian Huaxin in East China, which fills the gap in the field of lithium copper foil in Nanjing, improves the power battery industry chain, and marks a new stage for Nanjing to build a new energy automobile industry landmark.

Data show that Longdian Huaxin is a state-level high-tech enterprise integrating new energy, new materials and power equipment, mainly engaged in power lithium battery materials (copper foil), power consumption information systems, distribution automation, new energy, new generation 5G communication power supply and HPLC communication modules, etc., with layouts in Henan Lingbao, Shaanxi Baoji, Shandong Dongying and other places.

Longdian Huaxin is one of the few enterprises with stable production of 6 μ m lithium copper foil in China, and has completed the R & D and shipment of 4.5 μ m lithium copper foil. According to the "White Paper on the Development of China's Copper foil Industry (2021)" jointly released by EVTank, the Yiwei Economic Research Institute and the China Battery Industry Research Institute, shipments of lithium copper foil in China reached 146000 tons in 2020, an increase of 17.7% over the same period last year. Chinese lithium copper foil shipments account for nearly 35% of the total electrolytic copper foil. Among them, from the perspective of enterprise competition, Longdian Huaxin ranked first with shipments of more than 23000 tons in 2020, and its market share reached 16%.

At present, Longdian Huaxin lithium copper foil has been in bulk supply of Ningde era (CATL), new energy technology (ATL), BYD and other domestic mainstream battery enterprises; the enterprise focuses on the high-end market, and is the main supplier of LG Chemical, SK, Samsung SDI, Panasonic and other international first-line battery enterprises.

It is understood that Longdian Huaxin's main customers SK, LG Chemical, Ningde Times, AVIC Lithium are all laid out in and around Nanjing, expanding production capacity in Nanjing Lishui, closer to customers, and being able to better meet the growing customer demand and increase market share.

Benefiting from the explosion of demand in the power battery market, the volume and price of 6 μ m lithium copper foil has risen, which has contributed to the continuous growth of Longdian Huaxin's performance. In addition to the continued improvement in performance, in 2019, Longdian Huaxin received strategic investment from South Korea's SK Group, which accelerated the expansion of the enterprise scale and helped the company expand its production capacity.

In addition, Nanjing and its surrounding power battery upstream and downstream enterprises gather, in the construction capacity of more than 130GWH, strong industrial foundation. For example, in March 2019, Xinwangda power battery cell and pack project with a total investment of 13.5 billion yuan was introduced for Lishui Industrial New City. the project took only more than 3 months to lay the foundation, and now the first phase of the project has been successfully put into production.

Nanjing is also one of the cities with the fastest growth, the highest degree of agglomeration and the most complete industrial facilities in the domestic new energy vehicle and parts industry, with a large number of new energy vehicle enterprises represented by SAIC, Changan, BYD, Jinlong, Kaiwo and Hengtian, as well as a number of core parts enterprises such as LG, Guoxuan, Tafer and Yuebo, gathering a large number of new R & D institutions and high-quality industrial talents.

Lishui District, as one of the key industrial bases of new energy vehicles in Nanjing, has gathered 6 vehicle enterprises and nearly 100 core parts supporting enterprises around the new energy vehicle industry in recent years. It has been identified as the national torch new energy vehicle characteristic industry base. As an important supporting enterprise of power battery, the presence of Longdian Huaxin has further filled the gap in the field of lithium copper foil in Nanjing and agglomerated with the supporting enterprises in the upstream and downstream of the industry.