You chase me, reappear of tens of billions of investment!Experts remind the risk of overcapacity of lithium battery!

Author:Securities daily Time:2022.09.28

Our reporter Li Yuzheng's lithium battery industry reproduces big investment. On the evening of September 27, Yimei Lithium announced the signing of an investment agreement with the Shenyang Municipal Government and the Shenyang Economic Development Zone Management Committee to invest in the construction of the "Yimei Lithium Energy Energy Storage of Energy Storage of Energy Lithium energy storage within the scope of the Shenyang Economic Development Zone Management Committee With Power Battery Project "(hereinafter referred to as" Shenyang Project "), the project planning capacity is 40GWh, and the total investment is expected to invest 10 billion yuan. According to the announcement, the Shenyang project is built in two phases. Among them, the first phase of the project invests 5 billion yuan (fixed asset investment is 4 billion yuan), and the construction of 20GWH energy storage and power battery intelligent manufacturing facilities and supporting facilities will be constructed. Yimei Lithium can say in the announcement that cooperation is conducive to all parties to give full play to their respective resources and advantages, better seize the market opportunities of power energy storage batteries, further expand the scale of production capacity, optimize the company's industrial structure, promote the company's lithium ion in lithium ion The development of the power battery market enhances the company's influence and comprehensive competitiveness in the new energy industry. While announcing the investment construction project, Yimei Lithium has also thrown out two other investment plans. One is to increase the capital to Bateri (Sichuan) New Material Technology Co., Ltd. 884 million yuan, and 40%of the equity of the target company holding the target company The target company plans to build a lithium battery negative material integrated base in Yibin City, Sichuan Province, and forms an annual output of 100,000 tons of lithium battery negative materials for the integrated production capacity of an annual output of 100,000 tons of lithium battery before June 30, 2024. 20%of the industry, the latter and its holding subsidiaries have an annual output of 25,000 tons of lithium carbonate and the production capacity of 10,000 tons of lithium hydroxide, and have an annual output of 30,000 tons of lithium carbonate projects under construction. It is worth noting that due to the cumulative foreign investment amount of Yiwei Lithium within 12 consecutive months, the company accounts for more than 50%of the company's recent audited net assets, and the absolute amount exceeds 50 million yuan. After passing, it is also necessary to submit the Yimei Lithium shareholders' general meeting for review. In fact, the recent Yiyi Lithium has an unprecedented investment. According to the incomplete statistics of the "Securities Daily" reporter, from 2021 to September 27, 2022, Yimei Lithium can disclose at least five high -scale power storage battery investment projects or construction projects. 66.521 billion yuan, involving the production capacity of not less than 262.61GWh, the partner includes the management committee of Jingmen City People's Government, Chengdu Management Committee, Yuxi High -tech Industrial Development Zone in Yunnan Province, Qujing Municipal People's Government and Qujing Economic and Technological Development Zone Management Committee, Shenyang Shenyang The Municipal Government and the Shenyang Economic Development Zone Management Committee, etc. According to the financial report, as of the end of the first half of 2022, Yimei Lithium Assets and net assets were only 61.544 billion yuan and 21.251 billion yuan, respectively. In addition, in January this year, Yimei Lithium Energy also signed the "Strategic Cooperation Framework Agreement" with the Huizhou Municipal People's Government to create a new energy battery industry cluster in Huizhou; factory. Zhang Xiang, Dean of the New Energy Vehicle Technology Research Institute of Jiangxi New Energy Technology Vocational College, said in an interview with the Securities Daily reporter: "The expansion of battery companies is the result of the fiery industrial. Many cities have regarded power batteries as pillar industries, driving the development of related industries, providing employment opportunities and even attracting car companies to settle. Therefore, there are more and more cooperation. " Two billion-level power battery investment projects have a total planning capacity of about 80GWh, with a total investment of 33.3 billion yuan in project investment; China Innovation Airlines, which is about to land in Hong Kong stocks, plans to raise HK $ 10.102 billion-$ 13.558 billion, of which about 80%of funds will be mainly used in use The construction of 95GWH power batteries and energy storage system production lines in multiple places. Enterprises such as Yiwei Lithium and Xinwangda and other companies are a microcosm of the second echelon battery manufacturer to catch up with head companies. Under the strong demand of downstream, the second echelon battery manufacturer is seizing the development of the time window. According to the data released by the Korean market research agency SNE Research, from January to July 2022, the installed volume of Innovation Airlines and Xinwangda Power Battery were 10.0GWh and 3.9GWh, respectively, respectively, respectively, respectively, respectively, respectively. 4.2%and 1.6%, an increase of 1.2 percentage points from the same period last year. However, dense expansion also means the risk of excess capacity. "The industrial overheating capital is crazy investment, and the risk of production capacity will definitely exist. In the future, the rear enterprises will eliminate the situation." Zhang Xiang said that the relevant departments have noticed this issue and required local investment to avoid repeated construction and avoid the introduction of projects with low technical level.

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