Ningde Times intends to spend no more than 14 billion yuan to build a new energy battery industry base

Cover News Profile reporter Tan Yuqing

On July 22, as of press time, the stock of Ningde Times reported to 2.11%to 532.00 yuan per share. The new energy vehicle sector that belonged to it had risen for 5 days, and today rose by 0.32%.

On the news, on July 21, Ningde Times New Energy Technology Co., Ltd. issued an announcement saying that it was intended 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 RMB 14 billion.

The announcement shows that the construction of this project is the production line of power battery system and energy storage system, and the purpose of construction is to further promote the development of the company's business and meet market demand.

The Ningde Times Annual Report shows that the main source of revenue of the company's sales company sales company has maintained its growth in the past three years, with a year -on -year growth rate of 57.38%in 2019, 2.18%in 2020, and 132.06%in 2021. The annual sales of its energy storage system increased from RMB 61,82,400 from 2019 to 2021 to RMB 1,362,33,34,700.

On the same day, the Ningde Times also announced the signing of a memorandum of understanding of cooperation with Ford Motor Corporation ("Ford") and established global strategic cooperation relations. From next year, Ningde Times will provide lithium iron phosphate battery packs for Ford Mustang Mach-E models in North America, and starts from early 2024 to provide lithium iron phosphate bags for Ford Pure Electric F-150 Lightning in North America.

The survey data of the Chinese automotive power battery industry innovation alliance shows that the output of pure electric vehicles and plug -in hybrid vehicles in my country increased rapidly between 2021, with a year -on -year growth rate of 161.2%and 132.0%, respectively. The production of power batteries cumulatively 206.4GWh, with a cumulative sales of 205.4GWh, a cumulative increase of 176.4%and 253.2%year -on -year, respectively.

Yesterday, the 2022 World Power Battery Conference opened in Yibin City, Sichuan Province. At the meeting, Dong Yang, chairman of the China Automotive Power Battery Industry Innovation Alliance, said that the alliance predicted that the production scale of my country's new energy vehicles would reach 5.627 million in 2022, an increase of about 71.7 year -on -year %.

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