With 2.4 billion capital increase, MGL Power expands the lithium manganate battery industry.

To strengthen manganese acid lithium dominance and expand ternary battery Capacity, MGL Power obtained 2.4 billion yuan capital, which would speed up the implementation of its strategy.

June 8, said citic guoan, quasi 2 with 2.172 billion yuan sheng holdings co., LTD. (hereinafter referred to as "Rongsheng holdings") transfer MGL power 31.8% equity; Harmony but at the same time, Beijing tong investment management of the partnership (limited partnership) (hereinafter referred to as "harmony but expert") to 150 million yuan toward sheng holdings transfer MGL power 2.2% of the shares held.

After the completion of the transfer, Rongsheng holdings MGL power 34%, citic guoan holds a 32.3% stake. On this basis, Rongsheng holding at the same price to the African union (au) is the power to increase endowment spread, a capital increase of 2.4 billion yuan. According to trading rules, Rongsheng holding will eventually hold MGL power 51.16%, and a majority stake, citic guoan held 23.9%, Hangzhou new to the right equity investment partnership (limited partnership) holding 21.3%, melting but hold 3.64%.

Data show that au Clarke, main soft bag laminated batteries which power the technical route is given priority to with battery manganese acid lithium and three yuan, products covered by the energy, energy power, high power and energy storage, and other application types.

At present, MGL power has been used in high power battery areas occupy higher competitive advantage and position, particularly in the field of PHEV commercial vehicle power battery continues to maintain industry leading position.

MGL, the power of the institute for Liu Zhengyao told high lithium electricity, in addition to consolidate the competitive advantages in the field of PHEV commercial vehicle, the company will actively into the new energy passenger car market, will be in the fourth quarter of bulk supply to passenger car companies ternary power battery system, has made substantial progress.

Specific terms, the company in the construction of Jiangsu Liyang annual output of 20000 sets of automatic production line has been completed and put into operation, power battery for saic EV69 models matching the ternary power battery has now entered the stage of bulk supply.

Liu Zhengyao is introduced the current production of ternary battery monomer ratio energy can reach 240 wh/kg, system energy density of 140 wh/kg. After the new production line in Tianjin were completed and put into operation in August, the company's total output can reach 2 GWh, of which 1.2 GWh capacity will be used in passenger vehicle field, 0.8 GWh capacity for commercial vehicle.

At the same time, the company Tianjin base phase ii project is pushing, is the base of land has been approved, can output will reach 2020, 10 GWH, for all soft package battery。

Industry analysts say, MGL power in cement plug hybrid market advantage at the same time, and a massive new capacity, need a lot of financial support, the Rongsheng holding $2.4 billion capital injection will be the next to its technology research and development, the production line newly built to provide powerful guarantee.

It is worth mentioning, MGL power in power battery industry experience, call on is one of the quality targets. For citic Guoan MGL, sold the power will no longer be included in the consolidated scope, based on what kind of strategy is this? What considerations for Rongsheng holding, is based on?

Citic Guoan said the transfer of the African union (au) solid power equity decision, is based on the needs of the company's overall development strategy. Trade will be further promoted the implementation of the company with information industry as the core industry layout, highlight the company's main advantage, centralized superior resources development business innovation, promote the sustainable development of the company.

Learned, Rongsheng holding is real estate developers GengJianMing, Yang Xiaoqing couples at the helm of the company, its development in a-share listed are proud of the platform, the main business of real estate development and sales.

The, Rongsheng holding to look to new energy cars, and spent 4.7 billion MGL power control, will quickly cut into the new energy automobile industry.

For au Clarke power itself, its transfer, its is also a big positive, from the aspects of financing, corporate governance and development view, facilitate the docking with the capital market directly, help to meet the more vigorous market competition.

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