Xinwanda plans to invest 750 million yuan to build a lithium battery substrate coating project with an annual output of 115 million yuan.

According to the news released by Lanxi Rong Media Center, on June 17, the management committee of Lanxi Economic Development Zone signed a project investment agreement with Zhejiang Liwei Energy Technology Co., Ltd., with a total investment of 750 million yuan, Xinwangda's annual output of 115 million square meters of basement film coating project was settled in Lanxi. It is reported that the project covers a total area of 100 mu, and its main products are battery materials, isolation film, copper foil and aluminum foil, supporting the production of Liwei in Zhejiang Province.

At present, Liwei, Zhejiang has completed the geological prospecting and architectural design of the project site, and the plant of the project is scheduled to be put into use in July 2022. After reaching full production, the annual sales can reach 5 to 1 billion yuan, and the annual tax revenue can reach more than 34 million yuan.

The Battery Network noted that Xinwang acquired Dongguan Liwei in 2014, entered the consumer lithium-ion battery industry, carried out the layout of lithium battery cells, successfully extended the lithium battery module industry chain, and incorporated lithium-ion batteries into the company's own manufacturing system. In 2018, Dongguan Liwei became a wholly owned subsidiary of Xinwangda, and the company further strengthened its internal control and coordination.

In May this year, Xinwanda said on the interactive platform that Zhejiang Liwei, a battery project invested in 2020, is currently under construction and is expected to be gradually put into production in the second half of 2021.

According to an announcement issued by Xinwangda in March 2020, the Zhejiang Liwei lithium-ion battery project is located in Lanxi Economic Development Zone, with a total investment of 5.2 billion yuan. It is understood that after reaching production, the project can form a capacity of 800000 lithium-ion batteries per day. The first phase plans to invest 1.6 billion yuan, and the project will invest about 200000 lithium-ion batteries / natural production line and related supporting facilities; the second phase plans to invest 1.8 billion yuan, the project will add about 300000 new lithium-ion batteries / day production line related supporting facilities; the third phase is planned to invest 1.8 billion yuan, the project will add about 300000 lithium-ion battery / day production line related supporting facilities.

In addition, on the evening of September 24, 2020, Xinwanda announced that the company had examined and passed the "Bill on Foreign Investment of holding subsidiaries" and agreed with Xinwanda holding subsidiary Zhejiang Xinxing and Zhejiang Lanxi Economic Development Zone Management Committee to invest in the construction of the production base project of Zhejiang Xinxing Energy Technology Co., Ltd. in the area under the jurisdiction of Lanxi Economic Development Committee. The two sides plan to sign the Project Investment Agreement, with a total investment of about 2 billion yuan.

The main products of the project are intelligent travel battery, small power battery, small energy storage battery and corresponding battery system, among which the first phase plans to invest 300 million yuan, and the project will invest about 50, 000 batteries per day production line and related supporting facilities. the second phase is planned to invest 1.7 billion yuan, the project will add about 200000 batteries per day production line and related supporting facilities; After the project reaches production, it can reach the scale of annual sales of 3.5 billion yuan.

This year, Xinwanda also continues to increase the layout of consumer lithium batteries. On the evening of February 25, Xinwanda announced that issues related to the issuance of shares to specific targets had been examined and approved at the seventh meeting of the fifth board of directors of the company. This issue intends to raise no more than 3.937 billion yuan, which is mainly used for: 1.3C consumer lithium-ion battery expansion project with a total investment of 1.45 billion yuan, with a total investment of 1.39 billion yuan; 2.3C consumer lithium battery module expansion project with a total investment of 1.3 billion yuan, to be invested and raised of 1.115 billion yuan. Notebook computer lithium battery module expansion project, a total investment of 500 million yuan, to be invested to raise 432 million yuan; 4. Supplementary liquidity projects with a total investment of 1 billion yuan and a planned investment of 1 billion yuan.