Ningde Times: It is intended to invest in the construction of Jining New Energy Battery Industry Base Project for 14 billion yuan

On the evening of July 21, 2022, the A -share company Ningde Times (300750.SZ) announced that it was planned to invest in the construction of the Jining New Energy Battery Industry Base Project in Jining City, Shandong Province. The total investment of the project does not exceed 14 billion yuan.

The construction of the project is the production line of power battery systems and energy storage systems. Each period is expected to start construction from no more than 24 months, and the planned land area of ​​the project is about 2,000 acres.

In Ningde Times, with the rapid development of new energy industries at home and abroad, the market for the power battery and energy storage industry continued to grow, and this investment aims to further promote business development and meet market demand.

According to previous disclosure, in 2021, the annual production capacity of the Ningde Times increased from 69.10GWh in 2020 to 170.39GWh. The company deployed production bases such as Zhaoqing, Jiangxi, and Guiyang, Guizhou in Guangdong according to market demand.

The energy storage system sector involved in this 14 billion investment projects is also one of the fastest sections in Ningde Times.

In 2021, the sales revenue of the energy storage system in Ningde Times was 13.624 billion yuan, an increase of 601.01%year -on -year. The company's main energy storage application field is the front market, including the electric side and the transmission and distribution side. It has signed it with the National Energy Group, China Energy Construction, China Huadian, Three Gorges Group, Sunshine Power, Ates, Eaton and other companies. Strategic cooperation agreement.

While Ningde's era of rapid expansion, upstream and downstream companies in the industrial chain also joined the company and joined the ranks of battery production.

On the same day, the company signed a memorandum of understanding of cooperation with Ford Motor Corporation ("Ford"). The two sides established global strategic cooperation relations. The content of the cooperation in China, Europe, and North America was supplied.

According to the agreement, since next year, Ningde Times will also supply lithium iron phosphate battery packs for Ford Mustang & Nbsp; Mach-E models in North America. From early 2024, it provides lithium iron phosphate F-150 & nbsp; Lightning for the Ford Pure Electric Piccapa F-150 & Nbsp; Battery package.

Ford plans to reach the target of 2 million vehicles in 2026, and for this reason, 70%of the supporting power battery design has been completed. Since 2026, the company will increase the capacity of 40gWh iron phosphate battery in the North American market each year.

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