Peng Chunxia/Drawing
Faced with the strong market demand for lithium batteries, CATL (300750) has accelerated the pace of its investment and expansion and plans to spend 29 billion yuan. to invest in the construction of three battery projects. At the same time, BYD also plans to increase the capital of its subsidiary by 6.85 billion yuan.
CATL Battery Expansion Project
On the evening of February 2, CATL announced that it would spend a total of 29 billion yuan Expansion or new construction of three battery production line projects in Yibin, Sichuan, Zhaoqing, Guangdong and Xiapu, Fujian.
Specifically, in Yibin, Sichuan, the total investment in the fifth and sixth phases of Yibin electric battery manufacturing base does not exceed 12 billion yuan, and the subject of investment is Sichuan. , a wholly owned subsidiary of CATL Times New Energy Technology Co., Ltd. The project is constructed in two phases, with the construction period of each phase not exceeding 26 months from the start of construction. The project covers a total area of approximately 1,000 acres, of which the fifth phase covers an area of approximately 1,000 acres. 500 acres and the sixth phase covers an area of approximately 500 acres.
In Zhaoqing, Guangdong, CATL plans to invest in the construction of a power and energy storage battery production base, with a total investment of only not exceeding 12 billion yuan. The construction duration of the project will not exceed 24 months, for a total area of approximately 1,000 acres.
In addition, Times FAW Power Battery Co., Ltd., a subsidiary of Ningde Times, plans to invest in the construction of the production line expansion project of Times FAW Power batteries in Xiapu. County, Ningde City, Fujian Province, with an iTotal investment not exceeding 50 trillion RMB.
Regarding the projects in Yibin, Sichuan and Zhaoqing, Guangdong, CATL said the projects will further improve the company's production capacity and meet future business development needs and expansion of the company's market. . The Fujian Xiapu project is conducive to strengthening the company's in-depth cooperation with major customers, making full use of the existing resources and own advantages of both parties, and further expanding the company's market share.
However, the Ningde Times also warned of risks, saying that due to many factors affecting the construction of the project, there is a risk that the construction of the project is not completed on time or the cost of construction will be higher than expected. In terms of market, lithium-ion batteries are affected by thehe promotion of new energy electric vehicles downstream and through related industrial policies, and market competition is becoming more and more fierce. If the market situation changes significantly, it will have an impact on the economy. benefits of the project.
The pace of investment and construction has accelerated significantly
It is worth mentioning that CATL has just announcing a series of investment and expansion plan at the end of last year, the pace of investment and construction has accelerated significantly recently.
On December 29, 2020, CATL announced plans to build or expand its battery production capacity in Yibin, Sichuan, Ningde, Fujian and Liyang, Jiangsu, with a total investment of up to 390 billion RMB. Among them, the first phase of construction in Yibin, Sichuan began in May 2020 and received 10additional billion yuan of expansion funds at the end of the year; the Liyang project in Jiangsu was only half a year away from the latest expansion; Fujian Ningde is a new project located in Fuding city.
After the investment and construction plan was released, CATL began a series of slight gains. The daily limit was raised on December 30, 2020, and the price increased by more than 31% over the next seven trading days, reaching the all-time high price of 424.99 yuan per share on January 8, 2021. < /p>
The official website of CATL shows that the company has five main production bases, namely in Ningde, Fujian, Xining, Qinghai, Liyang, Jiangsu, Yibin, Sichuan and Erfurt , in Germany. After the latest investment and construction plan is implemented, CATL will add Zhaoqing, Guangdong.
Behind the accelerated expansion of CATL production lies the strong demande of the market for lithium batteries. Research organization SNE recently announced the global lithium battery statistics for 2020: despite the impact of the epidemic, the global installed capacity of electric batteries still reached 137 GWh in 2020, maintaining a growth of 17%. . Among them, CATL has an installed capacity of 34 GWh, ranking first in the world for four consecutive years.
Increased demand has also driven up battery prices. Huaan Securities pointed out in a research report that the raw material prices of lithium iron phosphate batteries increased by 7.0% and 4.4% in the fourth quarter of 2020 and the beginning of 2021, respectively. 5 series ternary batteries increased by 4.0%. % and 9.6% respectively. Prices of basic raw materials increased by 2.8% and 6.7%, respectively. In an environment of rising pprice, upstream resources benefit and the profit margin of the intermediate sector is generally compressed. The profitability of companies with strong negotiating and integration power is guaranteed.
CATL is also clearly aware of this. At the recent 100-person China Electric Vehicle Conference, Zeng Yuqun, chairman of CATL, said that in the next five years, the lithium industry market will usher in a period of explosion: “Starting from 2021, the global lithium battery market demand will increase. increase significantly, but in retrospect, can our supply meet demand”
On the same day that BYD increased the capital of its three subsidiaries, another leader in BYD new energy vehicles (002594) also announced a capital increase plan totaling 6.85 billion yuan.
BYD has announced its intentionto increase the capital of its wholly-owned subsidiary BYD Automobile Industry Co., Ltd. of 850 million US dollars, equivalent to RMB in cash, and to its holding subsidiary BYD Automobile Co., Ltd. The company will increase its capital by 3 billion RMB and its wholly-owned subsidiary Shenzhen BYD Supply Chain Management Co., Ltd. of 3 billion RMB. The above capital increase will be fully included. in the share capital of the subsidiary.
Regarding the purpose of the capital increase and its impact on listed companies, BYD said that the company's capital increase in the automobile industry , BYD Auto and BYD supply chain will be based on the needs of the company's normal production and operations. This allows the subsidiary to better develop its activities and further improve its product research and development capabilities and operational capabilities; Competitivenesshigh basic level of the company, in line with the company's long-term planning and development strategy.
In terms of capital, CATL and BYD were on the list of active stocks traded by Beijing Capital on February 2. Beijing Capital purchased CATL for a net amount of 445 million yuan. , a net purchase of 445 million yuan BYD 37 million yuan.
Interview time with pilot Liyang Tianmu
The 15th of the following month. According to the official investigation of Zhuogao New Materials Technology Co., Ltd., the formal employees of Liyang Zhuogao Co., Ltd. will receive last month's salary on the 15th of the following month and will receive free food and accommodation. The overall salary is 6,000 to 9,000 yuan per month, and they have to pay five insurances and gold insurance. Jiangsu Zhuogao New Material Technology Co., Ltd. is a wholly owned subsidiary of Shanghai Putilai Group. It is located in the town of Liyang, Changzhou City, Jiangsu Province. It is mainly engaged in the research, development and production of separator coating processing. high-end lithium batteries and is used to manufacture mid-to-high-end lithium batteries at home and abroad. The company realizes the integrated layout and coordination of base film, coating and coating materials.
The pilot interview of Liyang Tianmu will be held on April 30, 2023. Liyang Tianmu Pioneer Battery Material Technology Co., Ltd. (hereinafter referred to as "Tianmu Pioneer") is an enterprise specializing in the research and development, production and sales of high-end nano-silicon anode materials, researcher Hong and other teams. were founded in 2017. According to the official website of Liyang Tianmu, the interview time is April 30, 2023.