Hydrogen energy
Yiwei Lithium Energy and Yunnan Yuxi Deploy Power Storage Batteries
Seetao 2022-05-20 14:15
  • The cooperation between the two parties will help all parties give full play to their respective resources and advantages
  • The field of energy storage batteries is both a problem and an opportunity. China must accelerate the construction of energy storage equipment and technological exploration to stabilize energy distribution
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Yiwei Lithium Energy plans to sign an investment agreement with the Management Committee of Yuxi High-tech Zone in Yunnan Province on the company's investment in the construction of a lithium battery production project in the Longquan area of Yuxi High-tech Industrial Development Zone. The project plans to invest 3 billion yuan to build a 10GWh power storage battery project, of which 2.1 billion yuan will be invested in fixed assets.

Yiwei Lithium Energy plans to cooperate with Maxwell, a subsidiary of Smol International, to research and develop a new type of battery for electronic cigarette products, and supply it to Maxwell at an agreed price. On May 11, 2022, the latest data disclosed by the China Automobile Association showed that due to the impact of the epidemic, the production and sales of new energy vehicles in April reached 312,000 and 299,000 respectively, although they increased by 43.9% and 44.6% year-on-year, respectively, but fell respectively month-on-month. 33.0% and 38.3%.

Investment in the field of lithium battery energy storage is hot

Even so, the investment enthusiasm of lithium battery industry chain companies is still undiminished. Since 2022, leading companies such as Ningde Times, China Innovation Aviation, Beterui, and Yiwei Lithium Energy have announced increased investment in the lithium battery industry chain. Yiwei Lithium Energy said that this cooperation will further expand the production capacity, optimize the company's industrial structure, promote the company's development in the lithium-ion power battery market, and enhance the company's influence and comprehensive competitiveness in the new energy industry, which is in line with the company's development strategy. planning and the interests of all shareholders.

It is worth noting that at the end of April 2022, Yiwei Lithium Energy has disclosed a 20 billion yuan expansion plan. The company signed a project investment cooperation agreement with the Chengdu Economic and Technological Development Zone Management Committee, and plans to invest in the construction of a 50GWh power storage battery production base and Chengdu Research Institute in two phases. The first phase includes a 20GWh power storage battery production base and a research institute. Phase II; Phase II includes the 30GWh power storage battery production base and the second phase of the research institute. The total investment of the project is 20 billion yuan.

Yiwei Lithium can seize the energy storage market

Yiwei Lithium Energy said that this cooperation will help both parties give full play to their respective resources and advantages, accelerate the realization of the company's layout and project implementation in the power storage battery business sector, and further promote the company's overall development in the field of lithium-ion battery production and research and development. Development, and continuously enhance the company's influence and comprehensive competitiveness in the new energy industry, in line with the company's development strategy and the interests of all shareholders. At the same time, Yiwei Lithium can adjust the raised investment funds and continue to expand the production capacity of power batteries. Yiwei Lithium Energy decided to focus the two fund-raising projects on the bean-type lithium-ion battery project for TWS applications, and the remaining funds for the high-temperature lithium-manganese battery project for tire pressure testing and Internet of Things applications in total not exceeding 1.25 billion yuan, all of which will be used in Huizhou The passenger car power battery project implemented by Yiwei Power.

At present, the market scale of Yiwei lithium energy battery is in the second echelon in China. According to data from the China Automotive Power Battery Industry Innovation Alliance, in the first quarter of 2022, the installed capacity of Yiwei lithium energy power battery was 1.09GWh, with a market share of 2.13%, ranking seventh. While the industry is growing at a high speed, the trend of head concentration is becoming more and more obvious. In addition to expanding the layout of power and energy storage batteries, Yiwei Lithium Energy has not relaxed its business in e-cigarettes.

On May 17, 2022, the company intends to sign a joint research and development contract with Maxwell, a subsidiary of Small International. Supply to McQuay at an agreed price. The total price of the development fee for this project is 26 million yuan, which will be paid by McQuay to the company in stages. The intellectual property rights such as patent application rights, patent rights and technical secrets formed based on this project are jointly owned by both parties. Keywords: engineering construction, engineering news

Yiwei Lithium Energy's first quarter report in 2022 shows that the company's operating income reached 6.734 billion yuan, a year-on-year increase of 127.69%; net profit reached 521 million yuan, a year-on-year decrease of 19.43%. Yiwei Lithium Energy said that with the continuous release of the company's new production capacity, in order to meet customer needs, the scale of battery shipments has increased significantly. In the case of fluctuations in raw material prices, the company has achieved good operating results by ensuring the stability of the product chain, product quality and delivery.Editor/XingWentao

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