On May 25, 2023, Yiwei Lithium Energy announced that it issued convertible bonds to unspecified objects to raise funds for the implementation of the 23GWh cylindrical lithium iron phosphate energy storage power battery project and the 21GWh large cylindrical passenger car power battery project. After the fund-raised project is put into production, it will form a cylindrical lithium iron phosphate power energy storage battery capacity with an annual output of about 23GWh and a series of ternary large cylindrical battery capacity with an annual output of about 21GWh.

The 23GWh cylindrical lithium iron phosphate energy storage power battery project is planned to be implemented by its subsidiary Qujing Yiwei Lithium Energy Co., Ltd., with a total investment of 5.5 billion yuan and a construction period of 3 years. This project plans to build an automated production line for cylindrical lithium iron phosphate power energy storage batteries in Qujing City, Yunnan Province. After the project is put into production, it will form an annual production capacity of about 23GWh cylindrical lithium iron phosphate power energy storage battery. The internal rate of return of the project is 14.26%, and the total investment recovery period is 7.55 years. The project has relatively good profitability. The construction period of this project is 36 months, the total investment is expected to be 5.5 billion yuan, and 4 billion yuan of raised funds are planned to be used.

The 21GWh large cylindrical passenger car power battery project is implemented by the company's subsidiary Chengdu Yiwei Lithium Energy Co., Ltd. with a total investment of 5.2 billion yuan and a construction period of 3 years. This project plans to build an automated production line for 46 series ternary large cylindrical batteries in Chengdu, Sichuan Province. After the project reaches production capacity, it will form an annual production capacity of about 21GWh46 series ternary large cylindrical batteries. The construction period of this project is 36 months, the total investment is expected to be 5.2 billion yuan, and 3 billion yuan of raised funds are planned to be used. The internal rate of return of the project is 20.19%, and the total investment recovery period is 6.51 years. The economic benefits of the project are relatively good. Editor / Zhao E