Yiwei expands lithium battery production line -Lithium - Ion Battery Equipment
On September 22, Yiwei Lithium Energy announced that the company intends to set up a joint venture company with Shanghai Enjie in Jingmen High-tech Zone, and the joint venture company will invest in the construction of a high-performance lithium-ion battery separator project to sign a "contract". The total investment of the project is about 5.2 billion yuan, and 16 lithium-ion battery separator production lines will be built.(Lithium - Ion Battery Equipment)
Yiwei Lithium's generous investment in the upstream industry chain of lithium-ion batteries is not unrelated to the company's rising cost of lithium-ion batteries.
It is understood that the main business of Yiwei Lithium Energy is lithium-ion batteries and lithium primary batteries. The cost of lithium-ion batteries accounted for 89.72% of the company's main costs in the first half of this year, while the cost of lithium-ion batteries in the first half of this year. It was 4.397 billion yuan, a year-on-year increase of 129.5%.
Behind this is the rising unit price of key raw materials upstream of lithium-ion batteries. Since the second half of 2020, under the background of the unexpected recovery of the new energy vehicle market, the prices of cathode materials, anode materials, electrolytes, etc. have all risen sharply. For example, according to Baichuan Yingfu data, on August 31, battery grade The price of lithium carbonate was 128,400 yuan / ton, compared with 89,000 yuan / ton at the beginning of the month, an increase of more than 40% in one month.
The rising cost of lithium-ion batteries has brought a lot of pressure to Yiwei Lithium. Regarding this investment, Yiwei Lithium also said that this investment focuses on the production of low-cost and high-quality lithium-ion battery separators and coatings film, and give priority to supply to the company and its subsidiaries, which will help the company to stabilize the supply of raw materials and reduce procurement costs.
Not only that, the huge market competition in the lithium-ion battery industry also drives Yiwei Lithium to accelerate its expansion to the upstream industry chain. According to the latest data from the my country Automotive Power Lithium Battery Industry Innovation Alliance, the installed capacity of Yiwei Lithium Energy in August was 0.2GWh, with a market share of only 1.6%. The gap is large, accounting for 51.7%, 19.1% and 5.5% respectively.
Therefore, Yiwei Lithium can step up the pace of expansion, not only laying out the diaphragm business, but also stepping up the layout of key lithium-ion battery raw materials such as lithium carbonate and lithium hydroxide, so as to achieve the purpose of improving the industrial chain. For example, on July 9, Yiwei Lithium Energy plans to acquire a 28.125% stake in Jinkunlun Lithium Industry, and at the same time plans to establish a joint venture with Jinkunlun Lithium Industry, with an investment of no more than 1.8 billion yuan in stages, and the construction of an annual output of 30,000 tons of lithium carbonate and hydroxide Lithium project.
In addition, the lithium-ion battery separator market has huge room for growth. Data shows that in 2020, the shipment of lithium-ion battery separators in my country is only 3.72 billion. In the first half of this year, the domestic lithium-ion battery separator shipments reached 3.45 billion square meters, a year-on-year increase of 202%. Close to last year's annual shipments; by 2025, domestic diaphragm shipments will increase from 3.72 billion square meters in 2020 to 13.85 billion square meters in 2025.
In this context, many diaphragm companies such as Enjie, Xingyuan Materials, Cangzhou Pearl and other companies have made a lot of money. For example, Enjie achieved a net profit of 1.05 billion yuan in the first half of this year, a year-on-year increase of 226.76 %; Xingyuan Materials achieved a net profit of RMB 110 million attributable to its parent in the same period, a year-on-year increase of 56.4%; Cangzhou Pearl achieved a net profit of RMB 230 million attributable to its parent, a year-on-year increase of 124.9%.
Yiwei Lithium's generous investment in the upstream industry chain of lithium-ion batteries is not unrelated to the company's rising cost of lithium-ion batteries.
It is understood that the main business of Yiwei Lithium Energy is lithium-ion batteries and lithium primary batteries. The cost of lithium-ion batteries accounted for 89.72% of the company's main costs in the first half of this year, while the cost of lithium-ion batteries in the first half of this year. It was 4.397 billion yuan, a year-on-year increase of 129.5%.
Behind this is the rising unit price of key raw materials upstream of lithium-ion batteries. Since the second half of 2020, under the background of the unexpected recovery of the new energy vehicle market, the prices of cathode materials, anode materials, electrolytes, etc. have all risen sharply. For example, according to Baichuan Yingfu data, on August 31, battery grade The price of lithium carbonate was 128,400 yuan / ton, compared with 89,000 yuan / ton at the beginning of the month, an increase of more than 40% in one month.
The rising cost of lithium-ion batteries has brought a lot of pressure to Yiwei Lithium. Regarding this investment, Yiwei Lithium also said that this investment focuses on the production of low-cost and high-quality lithium-ion battery separators and coatings film, and give priority to supply to the company and its subsidiaries, which will help the company to stabilize the supply of raw materials and reduce procurement costs.
Not only that, the huge market competition in the lithium-ion battery industry also drives Yiwei Lithium to accelerate its expansion to the upstream industry chain. According to the latest data from the my country Automotive Power Lithium Battery Industry Innovation Alliance, the installed capacity of Yiwei Lithium Energy in August was 0.2GWh, with a market share of only 1.6%. The gap is large, accounting for 51.7%, 19.1% and 5.5% respectively.
Therefore, Yiwei Lithium can step up the pace of expansion, not only laying out the diaphragm business, but also stepping up the layout of key lithium-ion battery raw materials such as lithium carbonate and lithium hydroxide, so as to achieve the purpose of improving the industrial chain. For example, on July 9, Yiwei Lithium Energy plans to acquire a 28.125% stake in Jinkunlun Lithium Industry, and at the same time plans to establish a joint venture with Jinkunlun Lithium Industry, with an investment of no more than 1.8 billion yuan in stages, and the construction of an annual output of 30,000 tons of lithium carbonate and hydroxide Lithium project.
In addition, the lithium-ion battery separator market has huge room for growth. Data shows that in 2020, the shipment of lithium-ion battery separators in my country is only 3.72 billion. In the first half of this year, the domestic lithium-ion battery separator shipments reached 3.45 billion square meters, a year-on-year increase of 202%. Close to last year's annual shipments; by 2025, domestic diaphragm shipments will increase from 3.72 billion square meters in 2020 to 13.85 billion square meters in 2025.
In this context, many diaphragm companies such as Enjie, Xingyuan Materials, Cangzhou Pearl and other companies have made a lot of money. For example, Enjie achieved a net profit of 1.05 billion yuan in the first half of this year, a year-on-year increase of 226.76 %; Xingyuan Materials achieved a net profit of RMB 110 million attributable to its parent in the same period, a year-on-year increase of 56.4%; Cangzhou Pearl achieved a net profit of RMB 230 million attributable to its parent, a year-on-year increase of 124.9%.
