Guoxuan Hi-Tech: Lithium iron phosphate battery has high energy density

On February 24, Guoxuan Hi-Tech revealed to investors on the interactive platform that this year, Beiqi New Energy's EC180 and EC220 models will use the company's high-energy-density lithium iron phosphate battery. At present, the energy density of the company's high-energy lithium iron phosphate battery is close to the 333 level, and it is significantly better than the ternary battery in terms of cycle life and cost control. It is very suitable for high-volume use of low-end models, and the energy density and performance of the products are still in use, constantly improving.

In addition, Guoxuan Hi-Tech also revealed that the company and Beiqi New Energy also have EU series models under development.

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In terms of ternary batteries, Guoxuan Hi-Tech said that the current technical level of the company's ternary 622VDA square battery has reached the industry leading level, and is actively promoting the mass production of the ternary 811 battery, which is still in the process including Geely, Chery and Beiqi. A number of vehicle customers have launched cooperation on ternary batteries.

On the same day, investors also questioned that Guoxuan Hi-Tech’s operating cash flow was less, significantly less than the non-net profit, and whether there was financial fraud. Guoxuan Hi-Tech responded that the company's customers are all vehicle companies. A large amount of remittances are concentrated in the fourth quarter. At the same time, affected by the subsidy policy of 30,000 kilometers, the pressure on the vehicle companies is relatively high, which will also affect the time for partial payment.

Investors are also interested in the progress of Guoxuan Hi-Tech's newly established “Guo Xuan Coating” in the development of copper foil and aluminum foil in August last year. Guoxuan Hi-Tech said that Guoxuan Coatings Co., Ltd. began to produce carbon-coated aluminum foil in 2017. This year, it will complete the complete production of aluminum foil carbon coating, and this year will begin the production of diaphragm coating.

Guoxuan Hi-Tech also revealed that raw materials account for about 80% of the cost of battery production.

The page contains the contents of the machine translation.