Zhongwei Hong Kong New Energy Technology Co., Ltd., a wholly-owned subsidiary of the company, signed an investment agreement with Finnish mining group FinnishMineralsGroup (referred to as "FMG"), the company announced on December 13. According to the agreement, the two sides plan to build a production base of high nickel ternary precursors with an annual output of no more than 120000 tons in Hamina, Finland. The first phase with an annual production capacity of 20,000 tons is expected to be completed and put into production in 2024, with an investment of about 200 million euros.
According to the announcement, Zhongwei's new materials products cover ternary precursors, high-voltage cobalt tetroxide, binary and multicomponent precursors. At present, the company's existing ternary precursor production capacity is distributed in Tongren, Ningxiang and Qinzhou.
As the second largest power battery factory in the world, RolandBerger of Germany predicts that the demand for power battery in Europe will exceed 900 GWH in 2030. The strong market demand and vast market capacity attract power battery companies to announce their plans to build factories in Europe. In view of the fact that the production capacity of the European precursor can not meet the needs of European battery customers, Zhongwei New Materials' layout of the precursor base in Europe will effectively strengthen the company's cooperative relationship with local car companies and battery factories in Europe.
Of course, the popularity of power batteries is not limited to overseas, the domestic explosive growth of new energy vehicles has also led to a continuous rise in the price of domestic precursors, successfully refreshing the record high in the past three years. Take the ternary precursor (622 / power) as an example, as of December 13, its spot price has risen to 137500 yuan / ton, an increase of 42500 yuan / ton this year.
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According to the recent survey of SMM, due to the poor supply and demand structure of precursors and a small increase in stacking costs, the price of precursors remains stable in the near future. However, considering that the price of cobalt sulfate will continue to rise in the future, the price of precursors is expected to rise slightly. "View details
