Guoxuan Hi-Tech 2018 proposed power battery production line

Recently, Guoxuan Hi-Tech Co., Ltd. (hereinafter referred to as “Guo Xuan High-Tech”) held the first investor relations event in 2018. The company’s chairman Li Wei and Hefei Guoxuan High-Tech Executive Director Wang Qiang and other relevant officials attended. According to reports, the overall situation of the company's orders in the first quarter is relatively sufficient, significantly better than the first quarter of 2017, and customers still have orders.

In terms of production capacity, Guoxuan Hi-Tech's existing production line is expected to produce 6.5GWh of power battery in 2018. In addition, in the first half of 2018, the company will have 6-7GWh production line construction and gradually put into production, of which ternary 622 production line 5GWh. Overall, the company's power battery production is expected to reach 8-9GWh in 2018, and the overall production capacity can reach 13-14GWh.

In terms of downstream support, for passenger cars with a cruising range of 200-250km, the company will continue to use the upgraded lithium iron phosphate battery to expand the original supply; the mid- to high-end passenger car with a range of more than 300km will use the ternary 622VDA Battery, open up new markets.

In the face of high raw material prices, Guoxuan Hi-Tech has signed a long-term purchase agreement with a mining company in Australia to purchase the spodumene ore. After commissioning the processing in the country, the cost of purchasing lithium carbonate will be greatly reduced by the accounting company in 2018. In terms of metallic cobalt, the company will continue to increase the battery energy density and the proportion of nickel in the ternary cathode material, thereby reducing the amount of cobalt metal per KWH battery. According to reports, after the upgrade of Guoxuan High-Tech, the ternary 622 battery product, the proportion of nickel-cobalt-manganese in the cathode material has reached 6.5:1.5:2.

It is understood that in order to maintain the company's cost advantages and technological advantages in the new energy vehicle power battery industry, and to control the upstream core node, Guoxuan Hi-Tech has initially completed the upstream key raw materials covering positive electrode materials, wet diaphragm, carbon coated aluminum foil and so on. Industrialization layout, and master the development and preparation technology of lithium iron phosphate and ternary cathode materials and carbon coated aluminum foil core materials; the company's new generation of ternary 622 square aluminum shell battery industrialization and ternary 811 battery, soft pack battery product research and development projects Made important progress.

In addition, Guoxuan Hi-Tech also said that 2018 will be a key year for the integration of power battery industry mergers and acquisitions, and further enhancement of industry concentration will promote the steady and orderly development of the new energy automobile industry. At present, the company's overall financial situation is good. In the face of industrial integration needs, the company is also considering related investment directions such as horizontal mergers and acquisitions.

Battery China.com understands that according to Guoxuan Hi-Tech and its controlling shareholder Zhuhai Guoxuan signed the “Profit Forecast Compensation Agreement” in September 2014: Hefei Guoxuan’s audited deducted non-recurring gains and losses in 2015, 2016 and 2017 The net profit attributable to shareholders of the parent company shall not be less than 316 million Yuan, 423 million Yuan and 468 million Yuan respectively, totaling approximately 1.208 billion Yuan. In 2015, 2016 and January-September 2017, Hefei Guoxuan has achieved a total net profit of 2.05 billion Yuan, which has exceeded the total three-year performance commitments in the agreement.

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