The market value of Ningde's newly signed large lithium electric energy storage project has overtaken BYD

Recently, the large-scale lithium battery energy storage project jointly invested by Fujian Provincial Investment Group and Ningde Times was signed. The project officially landed in Jinjiang City, Fujian Province.

It is reported that the project was jointly organized by Fujian Provincial Investment Group Co., Ltd., Ningde New Energy Company and Fujian Provincial Electric Power Survey and Design Institute. The project will invest in the construction of a large-scale lithium battery energy storage project in Jinjiang, with a total investment of 2.4 billion yuan. It is planned to be implemented in three phases. The first phase of the project is planned to build a 100MW lithium battery energy storage station, and the second phase will expand the 500MW lithium battery energy storage equipment. The third phase will expand the 1000MW lithium battery energy storage equipment. At the same time, it will also be equipped with mobile energy storage equipment and mobile charging facilities.

The first phase of the project plans to use about 20 acres of land and plans to invest 300 million yuan. It is located in Anhai Park, Jinjiang, an equipment manufacturing base in Fujian Province, and has an annual output value of about 100 million yuan after it is put into production.

According to public information, Ningde Times Co., Ltd. is located in Ningde City, Fujian Province. It focuses on the research and development, production and sales of new energy vehicle power battery systems and energy storage systems. It is the world's leading power battery system provider, and power batteries are its most important. The source of income, Sales surpassed those of Panasonic and BYD last year, ranking first in the world.

In addition to the development and production of power cells, the Ningde era has three major applications for energy storage in the future. The first is power generation side applications, including photovoltaic, wind power, thermal power, and futurespecial power. The second is that it can be used for frequency modulation and amplitude modulation in the process of transmission and distribution; The third is the user side, which is used to cut peak filling, smart power grids, and future distributed photovoltaic power generation.

The customers of the Ningde era include European electric vehicle manufacturers such as Daimler, BMW, and Volkswagen, and recently signed Nissan's order, becoming the only power battery company that is currently supporting international car factories. From 2015 to 2017, sales of Ningde power battery Systems were: 6.80 GWh, 11.84 GWh, and 11.84 GWh. Globally, the company's power battery system sales ranked among the top three global power battery companies for three consecutive years, and in 2017 it ranked first in the world.

In 2015-2017, the operating income of Ningde Times was: 5.703 billion yuan, 14.879 billion yuan and 19.97 billion yuan, with an average annual compound growth rate of 87.26%; net profit: 951 million yuan respectively. Yuan, 2.918 billion yuan and 4.194 billion yuan, with an average annual compound growth rate of 110.05%. Since its listing on the Shenzhen Stock Exchange on June 11, the Ningde era has experienced eight daily limit. As of yesterday's close, the market value of the Ningde era has exceeded 150 billion yuan more than BYD's current market value.

The page contains the contents of the machine translation.