Contemporary Amperex Technology Co.Limited(300750) (300750) once again announced the expansion of battery capacity. Today, it announced that it plans to invest in the construction of a new power battery production base in Yibin, Sichuan, with an investment of no more than 24 billion yuan. The investor of the project is Sichuan Times New Energy Technology Co., Ltd., a wholly-owned subsidiary of Contemporary Amperex Technology Co.Limited(300750) .
The final total project investment is subject to the actual investment, and the source of funds is self raised by the enterprise. It is expected that each phase will not exceed 20 months from the commencement of construction. Finally, the actual construction situation will prevail. The planned land area of the project is about 3200 mu, and the actual construction situation will prevail.
On December 28, Contemporary Amperex Technology Co.Limited(300750) and the Management Committee of Yibin Sanjiang new area signed the investment agreement of Sichuan times phase VII to phase X project in Chengdu. He Yonghong, vice mayor of Yibin City and Secretary of the Party Working Committee of Sanjiang new area (Lingang Economic Development Zone), and Zhu Yunfeng, general manager of Sichuan times, signed the agreement on behalf of both parties. Huang Qiang, deputy secretary of Sichuan provincial Party committee and governor, Contemporary Amperex Technology Co.Limited(300750) chairman Zeng Yuqun and vice chairman Li Pingping jointly witnessed the signing of the agreement, Contemporary Amperex Technology Co.Limited(300750) will further improve the production capacity layout on the basis of the original phase VI project, and invest in the construction of phase VII to phase X of power battery Yibin manufacturing base in Sanjiang new area of Yibin.
Contemporary Amperex Technology Co.Limited(300750) has been expanding on a large scale and raising funds continuously. In August, it launched an additional issuance and fund-raising scheme of 58.2 billion yuan, which was adjusted in November. The fund-raising amount was reduced from 58.2 billion yuan to 45 billion yuan, a total decrease of 13.2 billion yuan. This change is mainly due to the cut off of the working capital supplement of 9.3 billion yuan and the reduction of the Contemporary Amperex Technology Co.Limited(300750) Huxi lithium ion battery expansion project (phase II) with a total planned investment of about 3.6 billion yuan. The project is located in the headquarters, Guangdong and other places, close to the production base of new energy vehicles.
Fund raising projects planned in August
Fund raising items adjusted in November:
Contemporary Amperex Technology Co.Limited(300750) This investment does not use fund-raising funds. Yibin, Sichuan is one of the top ten battery production bases in the layout of Contemporary Amperex Technology Co.Limited(300750) . Since 2019, Contemporary Amperex Technology Co.Limited(300750) has successively announced the construction of a new power battery factory in Yibin, with a total investment of about 32 billion yuan. The project is constructed in six phases. After an additional investment of 24 billion yuan, the investment scale reached 66 billion yuan. In June this year, Yibin base phase I project was officially put into operation.
Contemporary Amperex Technology Co.Limited(300750) hopes to occupy 30% of the global power and energy storage battery market. To achieve this goal, the battery capacity of Contemporary Amperex Technology Co.Limited(300750) needs to reach 520gwh by 2025, and the current battery capacity of Contemporary Amperex Technology Co.Limited(300750) is 106.41gwh. If the completed and put into operation battery production line completes the capacity climbing and stable operation, the designed annual capacity will reach 220-240gwh.
Today, Contemporary Amperex Technology Co.Limited(300750) signed a business agreement on supply-demand linkage and capacity guarantee with Zhejiang Yuanjing Auto Parts Co., Ltd. According to the agreement, Contemporary Amperex Technology Co.Limited(300750) will supply power battery products to Zhejiang Yuanjing from 2022 to 2026. Zhejiang vision is a holding subsidiary of Zhejiang Geely Holding Group Co., Ltd. The cumulative amount of similar transactions between the company and Zhejiang vision in 2018-2020 was RMB 5.719 billion, accounting for 5.58% of the company’s cumulative operating revenue of related businesses in 2018-2020.
According to the agreement, during the period from 2022 to 2026, the total purchase volume of Zhejiang vision shall not be less than 57gwh. The specific purchase volume of each year shall be locked by both parties before September 30 of the previous year and agreed by signing a written agreement. In order to ensure the buyer’s purchase demand from 2022 to 2026, the buyer shall pay a certain amount of capacity deposit to the seller in accordance with the agreement to support both parties to layout capacity in advance Protect the common interests of both sides.
On December 30, Contemporary Amperex Technology Co.Limited(300750) increased by 2.5% to 590 yuan, and the total market value of the company was 1.38 trillion yuan.
(Securities Times · e company)
