Xinwangda's two -year expansion investment nearly 90 billion domestic projects have local investment promotion figures

Southern Finance All Media Reporter Lin Dianchi Shenzhen Report

Xinwangda (300207.SZ) is about to expand its huge sums of money.

On September 16, Xinwangda announced that the subsidiary Xinwangda Automobile Battery was planned to sign the "Investment Agreement of the People's Government of Yichang City, Dongfeng Group and Dongfeng Hongtai To.

It is understood that the project's investment is mainly engaged in the research and development, design, production and sales of power battery cells, modules, PACK and battery systems. The total investment of the project has a total investment of about 12 billion yuan, and the planned construction of a 30GWH power battery production base.

The project is implemented in two phases, and the first phase of investment is about 8 billion yuan, and the 20GWH power battery project is planned to be planned; the second phase of investment is about 4 billion yuan, and the 10GWH power battery project is planned.

Yichang Construction Factory is due to the rich local phosphorus ore resources

The investor stipulated in the above agreement is Xinwangda Motor Battery, a joint venture signed with Dongfeng Group and Dongfeng Hongtai. The registered capital of the joint venture company is RMB 5 million. The shareholding ratio of Xinwangda Motor Battery in the joint venture is 51%.

According to the announcement, the source of this transaction Xinwangda's funding was self -raised funds.

In fact, as early as June 2022, Xinwangda and Dongfeng Group and Dongfeng Hongtai set up a joint venture. All parties aims to jointly set up and operate power battery product companies with comprehensive market competitiveness in terms of quality and price. , Dongfeng Hongtai and its related parties for the demand for power battery and energy storage battery products.

This expansion project is in line with the strategy of developing the lithium battery industry in Yichang. Recently, the new energy (Yichang) lithium battery industrial park officially started, with a total investment of 60 billion yuan. The project planning and construction of 150GWH lithium battery production capacity, the project is built in four phases, of which the first phase of the 40GWH production capacity is built. After all construction is put into operation, it is expected to achieve an annual output value of 105 billion yuan.

It is reported that Yichang has the largest phosphate base in the Yangtze River Basin. Phosphorus is an important raw material in lithium iron phosphate batteries. Yichang phosphorus ore resource reserves are 2.7 billion tons, accounting for 15%of the country and more than 50%of Hubei Province. It ranks second in the eight major main mining areas in the country.

Not only Xinwangda, the Ningde Times (300750.SZ) and Huayou Cobalt (603799.SH) have been deployed in Yichang.

Two -year expansion investment nearly 90 billion yuan

Since March 2021, according to the incomplete statistics of reporters, Xinwangda has disclosed that 13 foreign investment has been close to 90 billion yuan.

Involved in domestic projects across Sichuan Chengdu, Nanchang, Jiangxi, Guizhou, Guizhou, Zaozhuang, Shandong, Ningxiang, Hunan, Zhuhai, Guangdong, and Lanxi, Zhejiang, all have local government investment promotion.

Relevant persons in Xinwangda told reporters that most of the investment plans that the company has disclosed is cooperating with local governments. Some project factories have been completed. After renovation, the transportation equipment is settled; Essence

"The project is not done overnight, and gradually implemented according to the actual situation. In addition, local governments will also give some preferential policies for attracting investment." Xinwangda relevant persons emphasized.

It is worth noting that the two projects of Xinwangda abroad are related to the development of upstream minerals, namely "Red Earth Nickel Mine Moisturizing annual high -ice nickel -containing 40,000 tons (Indonesia) project" and "Kim Hengwang, a subsidiary of the shareholding subsidiary, intended to acquire the acquisition "Argentina Lithium Mining Rights" involves the amount of no more than 11.7 million US dollars, and the calculation of approximately $ 9.45 million at the shareholding ratio.

Power battery installed capacity is among the top five in China

According to the data of China's automotive power battery industry innovation alliance, from January to August this year, Xinwangda's power battery vehicle volume was 4.04GWh, and the market accounted for 2.5%. BYD, China Innovation Airlines and Guoxuan Hi -Tech.

According to the semi -annual report, Xinwangda's power battery shipments totaling a total of 3.95GWh, realizing income of 4.2 billion yuan, an increase of 631.92%over last year. It is the fastest -growing power battery manufacturer in the Chinese market.

Xinwangda subsidiary Xinwangda Automobile Battery Co., Ltd. completed two rounds of financing this year.

In February, 19 investors including the ideal car (02015.HK), SAIC Group (600104.SH), and GAC Group (601238.SH) participated in the first round of financing of Xinwanda Motor Battery with a financing amount of 2.43 billion yuan.

In August, the second round of financing of Xinwangda Automobile Battery was 8.11 billion yuan, and investors include the National Green Development Fund and other institutions. After rough calculations, the valuation of Xinwangda Motor's battery after this round of financing was about 30 billion yuan. However, the valuation has not been confirmed by Xinwangda or its investment institutions.

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