Raise 26 Billion Of Investment In Lithium Power Production Capacity, "Gem Brothers" Ningde Era Consolidate The Status Of The Head

In the new energy vehicle market focus, the domestic power battery giant announced the new plan of fund-raising and commissioning.

On the evening of February 26th, the Ningde era announced that it planned to invest no more than 10 billion yuan to build a new lithium battery project. At the same time, it plans to refinance and raise funds of not more than 20 billion yuan, and invest in 4 projects, including lithium battery construction, research and development of chemical energy storage frontier technology reserve, and supplementary mobile assets, with no more than 35 refinancing targets.

In the eyes of the industry, pure electric vehicles are increasingly being valued by the vehicle industry. The Ningde era will further ease the problem of insufficient capacity of power batteries, boost their output and stabilize their head position in the power battery industry.

In twenty-first Century, according to the calculations by the economic news reporter, the funds raised in the Ningde round of "raise + self raise" to invest in lithium battery production projects amounted to 26 billion 24 million yuan.

At the same time, the "advanced technology reserve research and development project of electrochemical energy storage", which has a total scale of 3 billion yuan in the Ningde era, has also been closely watched by the market. Some analysts have pointed out that the direction of this investment will also have strong potential growth potential in the future.

In the new energy vehicle market focus, the domestic power battery giant announced the new plan of fund-raising and commissioning. Gan Jun photo

Strengthen head position

The planned increase of 20 billion yuan in the Ningde era may have to refresh the refinancing record of the A share market since 2019.

In the eyes of investment bankers, Ningde has gained a rise in the past few months. The choice of refinancing at this time point will help raise the issue price of the Ningde era, expand the scale of the fund-raising and reduce the dilution of rights and interests. Data show that the stock price of the Ningde era has risen 109.21% since the fourth quarter of last year.

In the Ningde era, the expansion of lithium batteries is still the core content.

According to the announcement, the Ningde time plan raised 20 billion yuan, which has five uses, namely, "Ningde era lithium ion battery expansion project", "Jiangsu era power and energy storage lithium ion battery R & D and production project (phase three)", "Sichuan era power battery project phase I", "electrochemical energy storage frontier technology reserve R & D project" and "supplementary mobile assets". Gold ".

Among them, the above three items are all used in the research and production of battery projects. The total investment amount of the project is 4 billion 624 million yuan, 7 billion 400 million yuan and 4 billion yuan respectively, of which 4 billion yuan, 5 billion 500 million yuan and 3 billion yuan are collected through refinancing.

At the same time, the Ningde era also announced that it would invest 10 billion yuan in its own car to the Ningde Li Li Wan battery project, which means that the total amount of "raise + self raised" investment to lithium battery production will be 26 billion 24 million yuan on the same day in Ningde.

This means that in the Ningde era of the total investment plan of 30 billion yuan, the scale of battery R & D production is as high as 22 billion 500 million yuan. In the industry view, this move will further enhance the productive capacity of the Ningde era. In fact, the lack of power battery capacity has always been the Achilles heel for the transformation of the host plant to the direction of new energy vehicles.

For example, due to insufficient capacity of LG chemical power battery, Jaguar's pure electric vehicle type I-Pace has been in production for more than a week since February 17th. At the same time, Audi and Daimler also cut capacity of its pure electric vehicle e-tron and Mercedes EQC due to capacity problems.

"These traditional host plant's products are not competitive, but on the one hand, the power battery capacity is not keeping up, which leads to the high cost of batteries, which is also an important reason for the restriction of pure electricity business lines, so the industry has just come to the public to acquire Guoke Gao Xuan, because a self controlled supplier can guarantee the capacity of the battery." A new energy analyst at a brokerage in Shanghai pointed out that "Tesla and Matsushita had strong binding relations before, but at that time, Model3's mass production was delayed due to battery capacity problems."

The Ningde era does not deny the lack of capacity.

"At present, the company's capacity scale is still insufficient for the future market transformation of new energy vehicles. Through the construction of this project, it can effectively alleviate the problem of insufficient capacity in the global market in Ningde in the coming period, improve the supply capacity of products, and meet the demand of downstream customers for new energy batteries, and project construction is necessary." The Ningde era said.

Layout and energy storage in the future

While expanding the production capacity of lithium batteries, the Ningde era has begun to lay out new industrial technology directions.

According to the announcement of the Ningde era, in the 200 billion of refinancing, there will be 2 billion yuan for the input of "electrochemical energy storage frontier technology reserve R & D project", plus self financing, the total investment of the project will reach 3 billion yuan.

According to reporters, the current electrochemical energy storage is regarded as a potential growth point of the new energy industry by the market. For example, Tesla has already launched two energy storage products, namely "PowerWall" and "Megapack", respectively, for the users and industrial users in combination with PV business. Among them, the capacity of PowerWall is up to 13.5kWh, while the capacity of Megapack is as high as 3 MWh.

"With the improvement of technology level, PV will become a relatively stable energy supply in the future. However, the characteristics of PV are cyclical characteristics, the peak energy storage during the day, and more electricity at night," the photovoltaic power station in the future supply cities will also be stored in a process of energy storage and transmission. A person close to Tesla's broker said, "therefore, electrochemical energy storage has a relatively clear application prospect."

In the Ningde era, the research in this direction will further drive the application of battery in other scenarios.

"Due to the large number of access to renewable energy and distributed energy in the large power grid, combined with the popularization and application of microgrids and electric vehicles, electrochemical energy storage technology and products will become the key nodes of the entire energy Internet. The rise of the energy Internet will significantly boost the demand for electrochemical energy storage products." The Ningde era said, "the reason why lithium batteries have not been used in large areas such as ships, aircraft, motor vehicles and so on is mainly related to energy density and safety issues. Therefore, it is necessary to develop power batteries that can be applied to ships, aircraft and motor cars."

According to the industry, Ningde's choice of refinancing and expansion of battery capacity and operation of energy storage business will further stabilize the industry's head position.

South Korea's SNE Research data show that in 2019, the total capacity of the global lithium-ion battery was 116.6GWh, and the shipments in the Ningde era reached 32.5GWh, with a market share of 27.87%, up 4.37 percentage points from 2018, while leading 3.67 of Panasonic, ranking second.

"With the electrification revolution in the automotive industry, power batteries are also a big incremental market, but from the perspective of market share, the Matthew effect is emerging, and the head company has stronger strength and capital to expand actively, and the capital market has played an important role in this process." The analyst pointed out that "expanding the investment capacity of Ningde at this time will inevitably lead to a further strengthening of its head status."

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