On July 13, 300014.SZ announced that it had recently received notification from Dongfeng Liuqi about the selection of battery pack suppliers for the M6PHEV project. Yiwei Lithium Energy will supply Dongfeng Liuqi with power battery assembly products. The assembly product adopts square ternary battery.
Yiwei LiNeng said that Dongfeng Liuqi is currently one of the major automobile manufacturing companies in China. The company was selected as the battery pack supplier of Dongfeng Liuqi 6PHEV project, which is the recognition of the company's independent research and development strength, product quality and batch production capacity, and another important progress and breakthrough in the field of square ternary battery products, which is of positive significance for the company to further expand the passenger car application market.
In terms of the latest ranking of power battery installations, Yiwei Lithium Energy rose to No. 6 in the first half of 2021, up from No. 8 in the first half of 2020.
Citic Securities released a research report that with the steady expansion of the production capacity of Yiwei lithium power battery, it is expected that the production capacity of Yiwei lithium power battery in 2021 and 2022 will reach more than 37GWh and 49GWh respectively, providing guarantee for large-scale supply. At the same time, with the volume of overseas customers such as Daimler, Hyundai and BMW and the increased demand of domestic commercial and passenger vehicles, the power battery business of Yiwei LiNeng is expected to accelerate from 2021 to 2023.
