Recently, the battery giant Sunwoda Electronic Co.Ltd(300207) has made continuous actions.
On March 1, Sunwoda Electronic Co.Ltd(300207) announced that Sunwoda Electronic Co.Ltd(300207) Electric Vehicle Battery Co., Ltd., the holding subsidiary of the company, would invest in the construction of ” 3 Mesnac Co.Ltd(002073) 0gwh power battery production base project (tentative)” within the jurisdiction of Zhuhai municipal government, with a total investment of about 12 billion yuan.
Not long ago, Sunwoda Electronic Co.Ltd(300207) automobile battery just increased its capital, and investors gathered stars. Not only the affiliated enterprises of “weixiaoli”, a new force in automobile manufacturing, but also the companies under SAIC and Dongfeng, traditional automobile enterprises, and the companies under Europa holdings, the parent company of oppo, also participated in the capital increase.
As of the closing on March 1, Sunwoda Electronic Co.Ltd(300207) shares were reported at 36.34 yuan / share, with a market value of 62.47 billion yuan, a third lower than the market value of more than 100 billion yuan at the peak. As the leader of “fruit chain” battery, with Contemporary Amperex Technology Co.Limited(300750) , Byd Company Limited(002594) in the lead, can Sunwoda Electronic Co.Ltd(300207) break the game?
subsidiary overweight power battery
On March 1, Sunwoda Electronic Co.Ltd(300207) announced that the company held the 5th board of directors on February 28 to consider and pass the proposal and agreed to the Sunwoda Electronic Co.Ltd(300207) holding subsidiary Sunwoda Electronic Co.Ltd(300207) Electric Vehicle Battery Co., Ltd. (hereinafter referred to as ” Sunwoda Electronic Co.Ltd(300207) automobile battery”) to invest in the construction of ” Sunwoda Electronic Co.Ltd(300207) power battery production base project (tentative)” within the jurisdiction of Zhuhai municipal government, Sunwoda Electronic Co.Ltd(300207) automobile battery will set up Zhuhai Sunwoda Electronic Co.Ltd(300207) new energy Co., Ltd. in Zhuhai to be responsible for the specific implementation of the project.
According to the announcement, the total investment of the project is planned to be about 12 billion yuan, of which the total investment in fixed assets is about 10 billion yuan. It is planned to build a power battery project with a total capacity of 30gwh, engaged in the R & D, design, production and sales of power cells, battery modules and battery systems.
The battery capacity is more than two months ago. On December 14, 2021, Sunwoda Electronic Co.Ltd(300207) announced that its subsidiary Sunwoda Electronic Co.Ltd(300207) Electric Vehicle Battery Co., Ltd. planned to set up a project company in Shandong Zaozhuang high tech Zone to be responsible for the construction of “Zaozhuang project with an annual capacity of 30gwh power battery and energy storage battery”. The total investment of this project is about 20 billion yuan.
On March 1, Sunwoda Electronic Co.Ltd(300207) also announced that Sunwoda Electronic Co.Ltd(300207) automobile battery, the holding subsidiary of the company, had recently received the fixed-point notice of Saic Motor Corporation Limited(600104) passenger car branch (hereinafter referred to as ” Saic Motor Corporation Limited(600104) “) on zs12mcehev project to supply power battery assembly products for Saic Motor Corporation Limited(600104) ).
Sunwoda Electronic Co.Ltd(300207) said that Saic Motor Corporation Limited(600104) is one of the major automobile manufacturing companies in China. This time, the company was selected as the supplier of power battery assembly products for Saic Motor Corporation Limited(600104) zs12mcehev project, which marks the important progress of the company in HEV battery business and is conducive to enhancing Sunwoda Electronic Co.Ltd(300207) ‘s comprehensive competitive strength in HEV battery field.
19 enterprises participated in Sunwoda Electronic Co.Ltd(300207) automobile battery capital increase
Previously, Sunwoda Electronic Co.Ltd(300207) power battery had another big action.
On February 24, Sunwoda Electronic Co.Ltd(300207) announced that it agreed with Jiangsu chehejia Automobile Co., Ltd., skytop LLC, Suzhou Weirui venture capital partnership (limited partnership), patrol Star Investment (Chongqing) Co., Ltd., Wuxi SAIC jinshichuang Shenzhen New Industries Biomedical Engineering Co.Ltd(300832) fund partnership (limited partnership), Guangzhou Guangqi Xindian partnership (Limited partnership) 19 enterprises including Xinzhifeng (Wuhan) equity investment fund partnership (limited partnership) and Dongfeng Jiaoyin Yuanjing automobile industry equity investment fund (Wuhan) partnership (limited partnership) increased their capital to Sunwoda Electronic Co.Ltd(300207) Electric Vehicle Battery Co., Ltd. with a total of 2.43 billion yuan and subscribed for the newly increased registered capital of Sunwoda Electronic Co.Ltd(300207) automobile battery of 1.237 billion yuan, Corresponding to 195495% of the total equity of Sunwoda Electronic Co.Ltd(300207) automobile battery after the capital increase.
Among the shareholders participating in the capital increase of Sunwoda Electronic Co.Ltd(300207) automobile battery, Jiangsu chehejia is an indirect wholly-owned holding company of ideal automobile, with a capital contribution of 400 million yuan and a shareholding ratio of 3.2180%; Sky top LLC invested 400 million yuan, with a shareholding ratio of 3.2180%. It is reported that sky top is an affiliated entity of Xiaopeng automobile, and Xiaopeng automobile has no response.
In addition, Suzhou Weirui venture capital partnership (limited partnership) invested 250 million yuan and held 2.0113% of Sunwoda Electronic Co.Ltd(300207) automobile batteries. Tianyan survey shows that Weirui venture capital is an enterprise invested by Li Bin, chairman of Weilai. Xunxing investment (Chongqing) Co., Ltd. is a wholly-owned subsidiary of Guangdong Oujia Holding Co., Ltd., with a capital contribution of 200 million yuan and a shareholding ratio of Sunwoda Electronic Co.Ltd(300207) automobile battery of 1.6090%. Oujia holding has three major mobile phone brands: oppo, Yijia and realm.
Wuxi SAIC jinshichuang Shenzhen New Industries Biomedical Engineering Co.Ltd(300832) fund partnership (limited partnership) invested 80 million yuan. The company is an indirect holding subsidiary of Saic Motor Corporation Limited(600104) and holds 0.8045% of Sunwoda Electronic Co.Ltd(300207) automobile batteries; Guangzhou Guangqi Xindian partnership (limited partnership) invested 80 million yuan and held 0.6436% of Sunwoda Electronic Co.Ltd(300207) automobile batteries; Xinzhifeng (Wuhan) equity investment fund partnership (limited partnership) and Dongfeng Jiaoyin Yuanjing automobile industry equity investment fund (Wuhan) partnership (limited partnership) invested 50 million yuan respectively. The two companies are companies under Dongfeng Automobile Co.Ltd(600006) and hold 0.4023% of Sunwoda Electronic Co.Ltd(300207) automobile batteries respectively.
Sunwoda Electronic Co.Ltd(300207) said that after the capital increase, the registered capital of Sunwoda Electronic Co.Ltd(300207) automobile battery will increase from 5.089 billion yuan to 6.325 billion yuan. The shareholding ratio of Sunwoda Electronic Co.Ltd(300207) Huizhou new energy Co., Ltd., a subsidiary of the company, in Sunwoda Electronic Co.Ltd(300207) automobile battery was changed from 715315% to 575475%. Sunwoda Electronic Co.Ltd(300207) automobile battery still belongs to the holding subsidiary within the scope of the company’s consolidated statements.
securities companies are optimistic about the future development space
Changjiang Securities Company Limited(000783) research report shows that the installed capacity of Sunwoda Electronic Co.Ltd(300207) in January was 0.2gwh, ranking eighth in China, and the top ones were Contemporary Amperex Technology Co.Limited(300750) , Byd Company Limited(002594) , AVIC lithium, Gotion High-Tech Co.Ltd(002074) , Eve Energy Co.Ltd(300014) , etc.
China International Capital Corporation Limited(601995) believes that the capital increase of Sunwoda Electronic Co.Ltd(300207) subsidiary will, on the one hand, help to increase the operating funds required for the development of Sunwoda Electronic Co.Ltd(300207) automobile batteries, reduce the debt burden and promote the development of the company’s power battery business; On the other hand, the participation of many car companies in the capital increase reflects the recognition of the development prospect of the company’s power battery, which is conducive to strengthening the relationship with downstream car manufacturers and helping the company better expand its business scale and customer base in the future.
Sunwoda Electronic Co.Ltd(300207) once said in the 2021 semi annual report that in the first half of 2021, the company has successively obtained Dongfeng Liuqi Lingzhi cm5ev, Dongfeng E70, GAC a9e, Geely PMA platform and Geely ghs2 0 platform, SAIC GM Wuling Hongguang mini and other automobile enterprises. Automobile enterprises that have established cooperative relations include Renault, Nissan, yijiete, Geely, Dongfeng, GAC, SAIC GM Wuling, Xiaopeng, etc.
It is worth noting that Sunwoda Electronic Co.Ltd(300207) is also the battery supplier of Apple mobile phone Citic Securities Company Limited(600030) analysis said that in the medium and long term, the company is one of the global leaders in consumer batteries. After that, it has laid out the cell business and achieved rapid growth, which is expected to enter the global key customer supply system.
