The Sunwoda Electronic Co.Ltd(300207) battery, which has received a 2.4 billion investment from several auto companies, has received continuous good news recently. While investing heavily in new projects, it has won new orders from major customers.
On March 1, Sunwoda Electronic Co.Ltd(300207) (hereinafter referred to as Sunwoda Electronic Co.Ltd(300207) ) announced that its subsidiary Sunwoda Electronic Co.Ltd(300207) Electric Vehicle Battery Co., Ltd. (hereinafter referred to as Sunwoda Electronic Co.Ltd(300207) automobile battery) plans to sign a project investment agreement with Zhuhai municipal government to invest in the construction of ” Sunwoda Electronic Co.Ltd(300207) 30gwh power battery production base project (tentative)” within the jurisdiction of Zhuhai Municipal People’s government.
The total investment of the power battery 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, and engage in the R & D, design, production and sales of power cells, battery modules and battery systems 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.
Meanwhile, Sunwoda Electronic Co.Ltd(300207) automobile battery recently received the notice on the fixed point of zs12mce HEV project from Saic Motor Corporation Limited(600104) passenger car branch ( Saic Motor Corporation Limited(600104) , hereinafter referred to as Saic Motor Corporation Limited(600104) ) to supply power battery assembly products for Saic Motor Corporation Limited(600104) zs12mce HEV project.
Sunwoda Electronic Co.Ltd(300207) said that Saic Motor Corporation Limited(600104) is one of the major automobile manufacturing companies in China at present. This time, the company was selected as the supplier of power battery assembly products for Saic Motor Corporation Limited(600104) zs12mce HEV project, which marks the important progress of the company in HEV battery business and is conducive to strengthening Sunwoda Electronic Co.Ltd(300207) ‘s comprehensive competitive strength in HEV battery field.
Sunwoda Electronic Co.Ltd(300207) was established in Shenzhen in 1997 and listed on the A-share growth enterprise market in 2011. It is the first listed enterprise on the growth enterprise market with “overall R & D, manufacturing and sales of lithium battery modules”. Now it is a leading enterprise in the field of lithium-ion batteries in the world. Main customers include Huawei, Xiaomi, Lenovo, oppo, vivo, Geely, Nissan, Renault, Dongfeng Liuqi, Xiaopeng, etc.
On February 24, Sunwoda Electronic Co.Ltd(300207) announced that its wholly-owned subsidiary Sunwoda Electronic Co.Ltd(300207) automotive battery increased its capital by 2.43 billion yuan, which was led by chehejiahe Weirui investment, followed by 19 enterprises and capital institutions such as SAIC Jinshi, Huayou holdings and Shenzhen state owned assets supervision and Administration Commission (Shenzhen innovation investment Group Co., Ltd.).
The 19 enterprises participating in this capital increase are: harmonious Haihe, chehejia, sky top, Weirui investment, patrol star investment, Ruihai Yuneng, Jiaxing Qichen, hengjunrui, SAIC Jinshi, Huayou holding, Aowen investment, Guangqi Xindian, Hesheng investment, Xinwang green, Xinzhifeng investment, BOCOM Yuanjing, Foshan Chengyu, Hongtu Yuechuan and Shenzhen venture capital.
The above-mentioned enterprises have subscribed for the newly increased registered capital of Sunwoda Electronic Co.Ltd(300207) automobile battery of 1.2365 billion yuan, corresponding to 195495% of the total equity of Sunwoda Electronic Co.Ltd(300207) automobile battery after the completion of this capital increase. After the capital increase, the registered capital of Sunwoda Electronic Co.Ltd(300207) battery will increase from about 5088.7 million to 6325.2 million.
In addition, after the capital increase, the equity ratio of Sunwoda Electronic Co.Ltd(300207) battery company will also change The shareholding ratio of Sunwoda Electronic Co.Ltd(300207) automobile battery held by Sunwoda Electronic Co.Ltd(300207) Huizhou new energy Co., Ltd., a subsidiary of Sunwoda Electronic Co.Ltd(300207) changed from 715315% to 575475%, and Sunwoda Electronic Co.Ltd(300207) automobile battery still belongs to the holding subsidiary within the scope of the company’s consolidated statements.
It is worth noting that the three enterprises leading the investment in this capital increase are from ideal automobile, Xiaopeng and Weilai respectively. Chehejia, which invested 400 million yuan, is an affiliated enterprise of ideal automobile. Its legal representative is Shen Yanan, co-founder of ideal automobile, and will hold 3.218% equity of Sunwoda Electronic Co.Ltd(300207) battery. Sky top LLC, which also invested 400 million yuan, is an affiliated company of Xiaopeng automobile and will also hold 3.218% shares. Weirui investment and Weilai automobile belong to e-Car group, with an investment of 250 million yuan this time.
Image source: Sunwoda Electronic Co.Ltd(300207) announcement screenshot
In addition to “weixiaoli”, investors of Sunwoda Electronic Co.Ltd(300207) battery also have many car companies, among which SAIC Jinshi, Guangqi Xindian and Dongfeng Bank of communications are respectively related to Saic Motor Corporation Limited(600104) , Guangzhou Automobile Group Co.Ltd(601238) and Dongfeng Automobile Co.Ltd(600006) . Shortly after investing in Sunwoda Electronic Co.Ltd(300207) , Saic Motor Corporation Limited(600104) selected Sunwoda Electronic Co.Ltd(300207) as the supplier of power battery assembly products for zs12mce HEV project.
Image source: Sunwoda Electronic Co.Ltd(300207) announcement screenshot
At present, the main battery suppliers of most new energy vehicle enterprises in China are Contemporary Amperex Technology Co.Limited(300750) ( Contemporary Amperex Technology Co.Limited(300750) , hereinafter referred to as Contemporary Amperex Technology Co.Limited(300750) ). According to the statistics of Citic Securities Company Limited(600030) on China Shipbuilding Industry Group Power Co.Ltd(600482) battery supporting vehicle enterprises from January to November 2021, there are only Contemporary Amperex Technology Co.Limited(300750) one battery supplier, Tesla, BAIC Xinnengyuan, SAIC, Geely, Xiaopeng Most of the supply shares of SAIC GM and others come from Contemporary Amperex Technology Co.Limited(300750) .
Source: Cui Tung Shu WeChat official account
According to the data of China automotive power battery industry innovation alliance, in 2021, Contemporary Amperex Technology Co.Limited(300750) accounted for 52% of China Shipbuilding Industry Group Power Co.Ltd(600482) battery market share with a loading volume of 80.51gwh, while Sunwoda Electronic Co.Ltd(300207) accounted for only 1.3% of China Shipbuilding Industry Group Power Co.Ltd(600482) battery market share.
Source: China Automotive Power Battery Industry Innovation Alliance
Under the background of the rapid growth of the market demand for new energy vehicles and the sharp rise of the price of battery raw materials, the shortage of power battery supply has become a common problem faced by the industry, and the situation that battery orders cannot be supplied in time is frequent.
Recently, due to the insufficient supply of main parts such as lithium iron phosphate battery, Xiaopeng p5460 model equipped with lithium iron phosphate battery could not be delivered on schedule, and Xiaopeng car was collectively complained by many car owners. Last year, it was rumored that he Xiaopeng, chairman and CEO of Xiaopeng automobile, was “Crouching” for a week in Contemporary Amperex Technology Co.Limited(300750) .
In order to strive for bargaining power and avoid being stuck by upstream battery manufacturers, car enterprises need to avoid risks by selecting multiple battery suppliers. Previously, some media reported that Xiaopeng automobile would reduce the supply share of Contemporary Amperex Technology Co.Limited(300750) and introduce new battery suppliers. “Xiaopeng needs to continuously improve the production cycle of parts and components, so as to better respond to the official production cycle of parts and components,” Xiaopeng said.
Although the capacity of Sunwoda Electronic Co.Ltd(300207) is far less than that of Contemporary Amperex Technology Co.Limited(300750) , the momentum of expansion in recent years is fierce. According to incomplete statistics, Sunwoda Electronic Co.Ltd(300207) in recent years, the planned investment in the field of power battery has exceeded 60 billion yuan.
In 2021, Sunwoda Electronic Co.Ltd(300207) invested 40 billion yuan to set up power battery production base projects in Nanchang, Jiangxi and Zaozhuang, Shandong. The power battery project in cooperation with Geely will build three Bev and seven HEV power battery production lines, and is expected to achieve an annual output of 800000 hybrid batteries after it is completed.
According to the data of power battery application branch, in January 2022, the installed capacity of power battery in China market was about 16.56gwh, with a year-on-year increase of 95.3% The installed capacity of Sunwoda Electronic Co.Ltd(300207) power battery reached 232.4mwh, ranking the 8th in China, with a year-on-year increase of more than 400%, far exceeding that of other battery enterprises on the list.
Photo source: power battery application branch
