On February 7, three leading enterprises of the new energy track attracted the attention of the market.
Eve Energy Co.Ltd(300014) signed the strategic cooperation framework agreement with Huizhou Municipal People’s government. When the land supply and energy supply meet the project implementation conditions, the total output value of Eve Energy Co.Ltd(300014) and holding enterprises will reach 100 billion yuan by 2025. This means that the output value of Eve Energy Co.Ltd(300014) will expand by about six times.
On the same day, a rumor that the production of the quinana project in Australia was delayed plunged the share price of the 100 billion lithium giant Tianqi Lithium Corporation(002466) . In response to this, the company responded urgently, saying that the quinana phase I lithium hydroxide project had been basically put into operation and began to be put into trial operation.
The share price of Byd Company Limited(002594) soared by nearly 8%. It once hit the daily limit. What stimulated the rise of the company’s share price was the “fuel explosion” new energy vehicle sales data.
Eve Energy Co.Ltd(300014) sign a cooperation agreement with Huizhou Municipal government
The fiery new energy track has burst the confidence of companies related to the industrial chain. Many leading enterprises have invested heavily to accelerate their expansion and “run horses and enclosure” everywhere.
On February 7, Eve Energy Co.Ltd(300014) registered in Huizhou with a market value of nearly 180 billion yuan announced that the company and Huizhou Municipal People’s government signed the strategic cooperation framework agreement on January 29. The two sides will deepen strategic cooperation, build Huizhou 100 billion new energy battery industry cluster and support the further development and growth of the company.
The agreement stipulates that Huizhou Municipal People’s government supports and guarantees the needs of the company’s new projects in accordance with the law, and provides necessary industrial support to the project investors in accordance with the law; Eve Energy Co.Ltd(300014) and holding enterprises shall invest no less than 2 billion for local R & D and innovation investment in Huizhou; When the land supply and energy supply meet the project landing conditions, the total output value of Eve Energy Co.Ltd(300014) and holding enterprises will reach 100 billion yuan by 2025, helping the development and growth of Huizhou new energy battery industry.
It is worth noting that according to the latest performance forecast, Eve Energy Co.Ltd(300014) is expected to increase the annual revenue by more than 100% year-on-year in 2021, while the company’s 2020 revenue is 8.162 billion yuan. Based on this calculation, the company’s 2021 revenue will exceed 16.3 billion yuan. According to the agreement, if the output value reaches 100 billion yuan in 2025, it means that the revenue of Eve Energy Co.Ltd(300014) will also be close to 100 billion yuan, about six times that of 2021.
since 2021, Eve Energy Co.Ltd(300014) accelerated capacity expansion:
The strategic cooperation framework of Chengdu energy storage and management committee will be signed in October 2021, {300wh};
In November 2021, Eve Energy Co.Ltd(300014) signed the strategic investment agreement with Jingmen Municipal People’s government. The company and its subsidiaries plan to invest 30.5 billion yuan in Duodao District, Jingmen City, with a land acquisition of about 3000 mu to build Jingmen power storage battery industrial park with an annual output of 152.61gwh. At present, an investment of 8.611 billion yuan has been completed, and an annual capacity of 28.5gwh power energy storage battery has been built. The investment in construction and new construction is 21.91 billion yuan, and the annual production capacity of 124.11gwh power energy storage battery is constructed.
in the hot lithium battery industry chain, the expansion of Eve Energy Co.Ltd(300014) is only the tip of the iceberg, and the expansion of industry leader Contemporary Amperex Technology Co.Limited(300750) is more frequent. According to incomplete statistics, since February last year, Contemporary Amperex Technology Co.Limited(300750) has successively issued seven investment and construction announcements of lithium battery projects. The landing sites include Yibin, Zhaoqing, Yichun, Yichang, Guizhou and Xiamen. The fields involved in the project cover power and energy storage batteries, battery materials and recovery business, with a total investment of more than 100 billion yuan.
100 billion lithium giant diving
On February 7, the diving of 100 billion lithium giant Tianqi Lithium Corporation(002466) also attracted market attention.
On the same day, it was reported on the Internet that the production of Tianqi Lithium Corporation(002466) quinana project in Australia was delayed, resulting in a sharp intraday plunge in Tianqi Lithium Corporation(002466) share price, with a decline of more than 7%. As of the close, Tianqi Lithium Corporation(002466) shares fell 6%, and the total market value shrank to 122.7 billion yuan.
After hours, Tianqi Lithium Corporation(002466) responded to the above rumors. The reporter of the Securities Times said that at present, the company’s phase I lithium hydroxide project in quinana, Australia has been basically put into operation and has begun to be put into trial operation. In the follow-up trial production process, the company will start to send samples to customers, and will continue to carry out targeted commissioning and rectification according to the problems in the trial production and customers’ demand for products, so as to make the marketable products meet customers’ requirements. During the trial production, the company will timely carry out targeted rectification work according to the problems, so as to gradually achieve a sustainable and stable production state of the project, with a view to achieving the ultimate goal of reaching the design capacity by the end of 2022.
In addition to the Australian project, a bill of Chile’s constituent assembly may also have an impact on the company’s share price. According to media reports, Chile recently preliminarily adopted a proposal to promote the nationalization of copper, lithium and other strategic assets. In response to this matter, Tianqi Lithium Corporation(002466) the relevant person in charge said that the nationalization of (lithium mine in Chile) has not yet been actually implemented. Previously, the company has signed a contract with the local government and obtained the lithium resource quota before December 31, 2030, which will not be changed. In addition, assuming that the nationalization policy of lithium mine in Chile is implemented, how to deal with the mining equity acquired by the company locally (the Chilean government) also needs to give specific plans.
According to public information, Tianqi Lithium Corporation(002466) is the world’s leading supplier of lithium new energy core materials integrating upstream lithium resource reserve, development and midstream lithium chemical product processing. The company’s business covers the key stages of the lithium industry chain, including the development of hard rock lithium ore resources, the processing and sales of lithium concentrate and the production and sales of lithium chemical products.
It is understood that Tianqi Lithium Corporation(002466) 2016 started the construction of production lines of phase I and phase II lithium hydroxide projects in quinana, Australia. In the third quarterly report of 2021, Tianqi Lithium Corporation(002466) said that the main project of the second phase of “24000 tons of battery grade lithium hydroxide project per year” of quinana, Australia, which was started in 2017, has been basically completed, and the construction is still suspended. In view of the strong correlation between phase II lithium hydroxide project and phase I lithium hydroxide project, the company will comprehensively demonstrate and adjust the construction plan of phase II lithium hydroxide project on the basis of effectively verifying the mature operation of phase I project and in combination with market demand and company liquidity.
From the perspective of performance, the sales volume and average sales price of the company’s main lithium products in 2021 increased significantly compared with that in 2020, benefiting from the improvement of the prosperity of global new energy vehicles, the accelerated capacity expansion of lithium-ion battery manufacturers, the pick-up of orders for downstream cathode materials and other positive factors.
The company’s net profit for the same period of the previous year was 1.8 billion yuan, which exceeded the expected net profit of 2021 billion yuan.
Byd Company Limited(002594) rose nearly 8%
Also on February 7, Byd Company Limited(002594) , which integrates new energy vehicles, lithium batteries, lithium extraction from salt lakes, energy storage and other popular concepts, saw its share price soar by nearly 8%, which also attracted a lot of attention.
On the same day, the share price of Byd Company Limited(002594) opened higher and went higher. It once hit the daily limit, closing up 7.76%, with the latest market value of 660 billion yuan. What stimulated the rise of the company’s share price was the higher than expected sales data of new energy vehicles.
On February 6, Byd Company Limited(002594) disclosed the production and marketing express in Shenzhen Stock Exchange. In January 2022, the sales volume of new energy vehicles reached 93168, a year-on-year increase of 362%.
Some research institutions said that under the background of the off-season of the industry and the impact of the Xi’an epidemic, Byd Company Limited(002594) it is not easy to achieve this sales level. The company has abundant orders in hand. With the gradual release of production capacity, the sales volume is expected to continue to reach a new high.
Citic Securities Company Limited(600030) pointed out that with the continuous improvement of Byd Company Limited(002594) model matrix and the continuous verification of the competitiveness of new energy vehicles, the company’s intelligence + going to sea is expected to become a new bright spot in 2022. In addition, the company’s neutralization strategy has been steadily promoted, and the application for listing of Byd Company Limited(002594) semiconductor has passed the meeting on January 27. The external supply of power batteries is accelerated, the shipment of energy storage batteries is improved, and the value of the supply chain is highlighted. Continue to focus on recommendation and maintain a + H “buy” rating.
In addition to Byd Company Limited(002594) , “Wei Xiaoli” also continued to maintain the momentum of high sales. In January, 12268 ideal one vehicles were delivered, with a year-on-year increase of 128.1%, and more than 10000 vehicles were delivered for three consecutive months; Xiaopeng delivered 12922 cars, a year-on-year increase of 115%; Weilai delivered 9652 new cars in January, with a year-on-year increase of 33.6%. The sales volume continues to lag behind Xiaopeng automobile and ideal automobile.
East Asia Qianhai Securities said that looking forward to 2022, the Xinneng car track is expected to continue to maintain a high landscape, and the Xinneng car sector is still expected to have structural opportunities, and short-term adjustment may provide buying opportunities.
