The power battery strategy has changed from conservative to attacking Yiwei Lithium Energy, and then deploy the upstream lithium resources.

On the evening of July 9, Yiwei Lithium Energy (300014) announced that it intends to acquire 28.125% of the shares of Jin Kunlun Lithium Industry Co., Ltd. (hereinafter referred to as "Jin Kunlun Lithium Industry"), and plans to set up a joint venture with Jin Kunlun Lithium Industry, with a phased investment of no more than 1.8 billion yuan. Build a project with an annual capacity of 30, 000 tons of lithium carbonate and lithium hydroxide. The registered capital of the joint venture company is 180 million yuan, the company subscribes to contribute 144 million yuan, and holds 80% of the shares.

On the same day, Yiwei LiNeng also announced that it planned to buy 110 million yuan of Dachadan Dahua Chemical Co., Ltd. (hereinafter referred to as "Dahua Chemical"). The company's controlling shareholder, Tibet Yiwei Holdings Co., Ltd. (hereinafter referred to as "Yiwei Holdings"), intends to acquire 29% of Dahua Chemical Co., Ltd. (hereinafter referred to as "Yiwei Holdings").

Acquisition of 28.125% stake in Jinkunlun Lithium Industry

Yiwei LiNeng plans to acquire 28.125% of the shares in Jinkunlun Lithium Industry and sign an Investment Agreement with Jinkunlun Lithium Industry. The two sides plan to cooperate to set up a joint venture company in Qinghai Province. Investment in phases does not exceed 1.8 billion yuan to build a project with an annual production capacity of 30, 000 tons of lithium carbonate and lithium hydroxide, of which the first phase produces 10, 000 tons of lithium carbonate and lithium hydroxide. The registered capital of the joint venture company is proposed to be 180 million yuan. Among them, Yiwei LiNeng subscribes 144 million yuan and holds 80% equity in the joint venture company; Jin Kunlun Lithium Industry subscribes to 36 million yuan and holds 20% equity in the joint venture company.

The battery network learned that the main business of Jinkunlun lithium industry is metal lithium, with a planned annual production capacity of 3000 tons and an annual production capacity of 1000 tons.

Yiwei LiNeng said that the company has set up a joint venture with Jinkunlun Lithium Industry to build a project with an annual output of 30,000 tons of lithium carbonate and lithium hydroxide, which aims to give full play to their respective advantages and resources and focus on the production of high-quality lithium carbonate and lithium hydroxide. it will help to improve the stability of the company's supply chain, reduce the adverse impact of raw material price fluctuations on the company, and is of positive significance for the company to open up the upstream industrial chain and optimize the industrial layout.

Acquisition of 5% stake in Dahua Chemical Industry

Yiwei LiNeng plans to sign the "Equity transfer Agreement" with Xinjiang Gengxinlian Equity Investment Co., Ltd. to transfer 5% of the equity held by Gengxin Lianchuang in Dahua Chemical Industry, with a transfer price of 110 million yuan.

In addition, Yiwei LiNeng Holdings, the controlling shareholder of Yiwei LiNeng, has obtained the mortgage of the mining rights of the Dachaidanhu (area A) boron-potash mine and intends to acquire a 29% stake in Dahua Chemical Industry, so this transaction constitutes a related party transaction.

According to the battery network, the area of Dachaidan Salt Lake is about 240square kilometers. Dahua Chemical enjoys the mining rights of Dachaidan Salt Lake. The mining area is rich in resources, covering an area of 89.7505 square kilometers. There are boron ore, potash ore, lake salt, lithium and bromine.

Yiwei LiNeng said that this transaction is conducive to integrating the advantageous resources of all parties, speeding up the development of boron and potash ore resources in Dachaidan Salt Lake, and increasing the resource reserves and production capacity scale of Dahua Chemical Industry. It will further protect the low-cost and high-quality lithium resources needed for the company's production and operation, reduce the adverse impact of raw material price fluctuations on the company, help the company further focus on the main lithium battery industry, and constantly improve the stability of the supply chain. And then continue to enhance the company's anti-risk ability and profitability.

In addition to the lithium mine, Yiwei LiNeng is also adding to the distribution of nickel and cobalt resources this year: on May 24th, Yiwei LiNeng announced that its subsidiary Yiwei Asia signed the "Indonesia Huayu Nickel Cobalt laterite Nickel Ore Wet smelting Project Joint Venture Agreement" with Yongrui Holdings, Glaucous, Huayou International Cobalt and LINDO, and the parties agreed to build a laterite nickel ore wet smelting project in Indonesia, with an annual production capacity of 120000 tons of nickel and 15000 tons of cobalt products.

The strategy of power battery has changed from conservative to offensive.

With the frequent addition of upstream resources, Yiwei Lithium Energy is in preparation for its substantial expansion of lithium batteries.

On the evening of June 10, Yiwei Lithium Energy issued a number of production expansion announcements: it plans to invest in a new project to build an annual 82.5GWh lithium-ion power storage battery capacity in Jingmen by stages, and to set up a new joint venture with Lin Yang Energy to invest no more than RMB 3 billion in the construction of an annual 10GWh energy storage battery project. It is proposed to increase the capital to Jingmen Chuangeng by no more than 610 million yuan for the implementation of the "high-performance lithium-ion cylindrical battery industrialization project".

Western Securities said that one of the key tasks of Yiwei LiNeng this year is to lay out the upper reaches and build a sound supply chain, first, to control costs, and second, to ensure a stable supply of all kinds of materials. Previously, through the joint venture with German Nano and Beitre, the layout of LFP positive electrode and high nickel ternary cathode respectively.

Soochow Securities analysis said that Yiwei lithium power battery strategy has changed from conservative to offensive. After practicing internal skills in previous years, products and technologies have been fully recognized by customers, and have been steadily supplied to Daimler, Hyundai, Xiaopeng, and have been designated by BMW and Daimler overseas. they have comprehensive and deep contact with front-line car companies, and have begun to comprehensively accelerate production expansion this year, with shipments exceeding 13GWH this year, an increase of 160% compared with the same period last year, and an income of more than 10 billion yuan. The increase of iron and lithium is significant in 2022 and will be a square ternary battery in 2023. Future shipments are expected to continue to double and enter the first camp in an all-round way.