According to Bloomberg today, Contemporary Amperex Technology Co.Limited(300750) is planning to invest US $5 billion to build a power lithium battery plant in North America with a target annual capacity of 80gwh, and employ nearly 10000 employees.
Company executives have flown to Mexico this month, according to people familiar with the matter. At the same time, the United States and Canada are also considered in the site selection of new plants. A Contemporary Amperex Technology Co.Limited(300750) spokesman declined to comment.
Lithium iron phosphate (LFP) battery is the main product of Contemporary Amperex Technology Co.Limited(300750) and also the battery supplied by the company for Tesla Shanghai plant. According to the report, Contemporary Amperex Technology Co.Limited(300750) North America’s new plant mainly produces ternary batteries and LFP batteries, and Tesla is included in the customer list
It is worth noting that Contemporary Amperex Technology Co.Limited(300750) was asked in an institutional survey in the middle of last month, “many American customers of the company, whether it is possible to consider building factories in the United States?”
At that time, the company admitted that it had such consideration, saying that it had more interaction with customers such as new forces in the United States and traditional car enterprises. both sides discussed various possible supply and cooperation schemes and the possibility of localized production, “but the impact of factors such as worker training, efficiency and labor union on quality and cost should be considered in specific circumstances”.
For Contemporary Amperex Technology Co.Limited(300750) , the growth rate, organizational ability and personnel internationalization ability are the biggest challenges. In the future, the company plans to strengthen the layout of overseas bases and improve the system construction, including overseas staff training.
At the same time, Contemporary Amperex Technology Co.Limited(300750) revealed that the energy storage business also has the possibility of “going to sea”. The company has discussed with American energy storage customers, who hope to supply locally, but the company still needs to comprehensively consider many factors such as power battery capacity, customer demand, production cost and so on.
According to the company’s disclosure, the lithium battery capacity reached 240gwh by the end of 2021, and 135gwh of new capacity has been started. The planned capacity in 2025 will exceed 670gwh.
In terms of installed capacity, last year, the global installed capacity of Contemporary Amperex Technology Co.Limited(300750) power battery reached 96.7gwh, accounting for 32.6% of the market, an increase of 8 percentage points year-on-year.
It is worth mentioning that musk pointed out in January this year that once the lack of core is alleviated, the battery supply will become the next bottleneck in the supply chain to deal with this problem, Tesla not only started to produce 4680 batteries, but also continued to expand the list of suppliers, Contemporary Amperex Technology Co.Limited(300750) , LG new energy are also vigorously promoting the expansion of production.
Contemporary Amperex Technology Co.Limited(300750) the investment amount of US $5 billion is equivalent to the investment scale of Tesla Nevada super factory. However, the capacity of the latter was less than 40gwh. Tesla had previously said that it planned to expand the capacity of the plant to 54gwh.
In addition, it was reported earlier this month that Panasonic plans to spend billions of dollars to buy land and build factories in the United States, “most likely” to supply 4680 batteries to Tesla.
