Following the alarm last week, Zeng Yuqun, chairman of Contemporary Amperex Technology Co.Limited(300750) this week, personally came out to give “reassurance” to many investment institutions. According to the survey summary, on February 14, more than 50 institutions (investors) such as Hillhouse, Tencent, Sequoia and Temasek visited Contemporary Amperex Technology Co.Limited(300750) . Zeng Yuqun, the always low-key chairman of Contemporary Amperex Technology Co.Limited(300750) , responded to a number of hot issues with the Secretary of the board and the chief financial officer. The relevant person in charge of Contemporary Amperex Technology Co.Limited(300750) disclosed to the reporter of Shanghai Securities News on February 17 that the institution has conducted research on the fixed increase of Contemporary Amperex Technology Co.Limited(300750) .
“Recently, Contemporary Amperex Technology Co.Limited(300750) share price fluctuates greatly and involves many stakeholders. It is necessary for Zeng Yuqun to communicate frankly with investors.” Senior automotive industry experts said.
top investment institutions jointly investigate
This research institution has a luxurious lineup, which is obviously for the huge fixed increase being promoted by Contemporary Amperex Technology Co.Limited(300750) .
From the disclosed list, Hillhouse capital, Tencent investment, Temasek, Sequoia Capital, Warburg Pincus investment and KKR are all top international equity investment institutions, among which Hillhouse capital gained a lot in the last round of fixed growth of Contemporary Amperex Technology Co.Limited(300750) .
Tencent investment, which has always focused on track investment in the Internet industry, impressively appeared in the research team, reflecting the attention of Internet leaders to new energy industry tracks. The combination of Fidelity Fund, Warburg Pincus investment and KKR also shows the importance of foreign capital to Contemporary Amperex Technology Co.Limited(300750) .
On January 17, Contemporary Amperex Technology Co.Limited(300750) issued the prospectus for offering shares to specific objects (Registration draft), which shows that the company plans to raise no more than 45 billion yuan this time, and the issuing objects are no more than 35 specific objects.
It is difficult to decide whether these institutions will eventually participate in the fixed increase and whether they can successfully compete for allocation. However, Contemporary Amperex Technology Co.Limited(300750) the financing demand of up to 45 billion yuan has given these institutions the opportunity to invest heavily in shares, and they also need their full support.
This huge financing is expected to help Contemporary Amperex Technology Co.Limited(300750) consolidate its leading position. “Although the status of Contemporary Amperex Technology Co.Limited(300750) is difficult to shake at present, it needs more fierce competition with battery leaders such as LG and more financial support.” Auto industry analyst Zhang Xiang said.
Zeng Yuqun responds to market concerns
In the face of the institutions that came to investigate, Contemporary Amperex Technology Co.Limited(300750) was honest with each other.
During the exchange activities, the organic organization asked whether American technology, materials or equipment were used in the battery production process? Contemporary Amperex Technology Co.Limited(300750) responded: “the company is not directly involved in the battery production process. The chip on BMS comes from the United States and is also being localized.”
At the same time, the news about Contemporary Amperex Technology Co.Limited(300750) building a factory in the United States has also spread many times. Contemporary Amperex Technology Co.Limited(300750) said that the company has more interaction with American customers, including both new forces of car manufacturing and traditional car enterprises. The two sides jointly discussed various supply and cooperation schemes and the possibility of localized production, but the specific situation needs to consider the impact of multiple factors on quality and cost. “In the American market, Contemporary Amperex Technology Co.Limited(300750) must enter.” Zeng Yuqun said.
Zeng Yuqun also revealed that Contemporary Amperex Technology Co.Limited(300750) is negotiating joint venture and factory building cooperation with American automobile enterprises and energy storage customers. Ideally, it is to build factories in Mexico and Canada.
The agency is also concerned about the soaring price of raw materials for power batteries, including lithium carbonate. “The rise in the short-term cost of raw materials such as lithium carbonate has a certain impact on the company, but it can be hedged in a variety of ways,” Zeng Yuqun said
According to the introduction of Contemporary Amperex Technology Co.Limited(300750) , the company ensures the supply of lithium resources through long-term cooperation, investment cooperation, recycling and self mining. Among them, in terms of recovery, the recovery rate of lithium has exceeded 90%, and lithium recovery plays a certain role in supply guarantee at present; In terms of self mining, in addition to the previous overseas investment cooperation, the company also invested in lithium resources in Yichun and other places to mine lithium minerals by itself.
In this survey, institutional investors did not ask questions about the specific cooperation between Tesla and Contemporary Amperex Technology Co.Limited(300750) , but raised questions such as whether the CTC integration scheme has moved the chassis design and manufacturing “cake” of vehicle enterprises, whether enterprises can continue to maintain high gross profit, and how to treat the expansion of production and international competition of friends.
Win win cooperation and technological progress – Contemporary Amperex Technology Co.Limited(300750) gives two key words. For the CTC scheme, Contemporary Amperex Technology Co.Limited(300750) said that this scheme originates from the needs of customers to build the competitiveness of new energy vehicle products. The company will cooperate with vehicle enterprises to launch competitive products by giving full play to their strengths through professional division of labor; As for high gross profit and friendly competition, Contemporary Amperex Technology Co.Limited(300750) believes that they can be solved by technological progress.
Energy storage is a track of general concern to institutions. Contemporary Amperex Technology Co.Limited(300750) previously released sodium ion battery technology, which has good low-temperature performance and is a sharp tool to open the energy storage market. It is reported that Contemporary Amperex Technology Co.Limited(300750) has made frequent efforts in the overseas energy storage market.
Another organization asked that energy storage has a high market share in the United States. How do you view the risk of changes in energy storage policies in the United States?
Contemporary Amperex Technology Co.Limited(300750) said: “the company has discussed with American energy storage customers. Customers hope to supply locally and determine it after comprehensively considering factors such as power battery capacity, customer demand and production cost.”
During the research of reception institutions, Zeng Yuqun also timely promoted the “chocolate battery”. “It’s difficult to replace the battery of the electric car with the fuel of 80000 yuan, so that the cost of replacing the battery of the electric car is lower than that of the first car. The price of the battery is equivalent to 80000 yuan.”
On the whole, this research summary has disclosed 20 important questions and answers, covering a wide range, and most of the questions have received quite high-quality replies, which not only demonstrates the organization’s attention to Contemporary Amperex Technology Co.Limited(300750) , but also reflects the sincerity of Contemporary Amperex Technology Co.Limited(300750) .
