On March 27, Zhuhai Cosmx Battery Co.Ltd(688772) ( Zhuhai Cosmx Battery Co.Ltd(688772) ) announced that it planned to invest 4 billion yuan to build a new high-performance lithium battery project in Chongqing. The project company has received the business license issued by the market supervision and Administration Bureau of Chongqing Wansheng economic and Technological Development Zone on March 25.
According to the announcement previously issued by the company, the project is planned to start construction in 2022 and put into operation in 2025. It will form a capacity scale of 15gwh high-performance new lithium batteries per year, mainly energy storage batteries.
promote the 4 billion lithium battery project
On March 1 this year, Zhuhai Cosmx Battery Co.Ltd(688772) announced the investment plan of high-performance new lithium battery project.
Zhuhai Cosmx Battery Co.Ltd(688772) said that with the continuous expansion of the company’s business scale and the increasing market demand, in order to better seize the market opportunity, further improve the company’s market competitiveness and enhance the company’s influence and comprehensive competitiveness in the new energy industry, Zhejiang Guanyu, a wholly-owned subsidiary of the company, plans to invest in the establishment of a project company to invest in the construction of a new high-performance lithium battery project, with a total investment of 4 billion yuan, The source of funds is self owned or self raised funds.
The project covers an area of about 600 mu. It will build a new plant and supporting room of about 400000 square meters, purchase intelligent batching, coating, winding, packaging and other equipment, and build six intelligent production lines of high-performance new lithium batteries, forming a capacity scale of high-performance new lithium batteries with an annual output of 15gwh, mainly energy storage batteries.
According to the announcement released on March 27, the project is located in Chongqing Wansheng economic and Technological Development Zone. The registered capital of the project company is 100 million yuan, and the business license was obtained on March 25
Zhuhai Cosmx Battery Co.Ltd(688772) said that this investment meets the needs of the company’s development strategy, is conducive to expanding the company’s business scale, enhancing the company’s influence and comprehensive competitiveness in the new energy industry, and has a positive impact on the company’s future development.
Zhuhai Cosmx Battery Co.Ltd(688772) is mainly engaged in the R & D, production and sales of consumer polymer soft packed lithium batteries, and the layout of power lithium-ion batteries. Its products are mainly used in notebook computers, tablet computers, smart phones and other fields.
According to the prospectus, from 2018 to 2020, consumer lithium batteries accounted for more than 99% of Zhuhai Cosmx Battery Co.Ltd(688772) revenue sources in Zhuhai Cosmx Battery Co.Ltd(688772) revenue.
According to the performance express released not long ago, Zhuhai Cosmx Battery Co.Ltd(688772) achieved a total operating revenue of 10.34 billion yuan in 2021, a year-on-year increase of 48.58%; The net profit attributable to the owners of the parent company was 947 million yuan, a year-on-year increase of 9.74% Zhuhai Cosmx Battery Co.Ltd(688772) said that the expansion of the company’s consumer lithium battery business and the growth of product sales revenue were the main factors for the growth of performance in 2021.
targeting the energy storage market
Zhuhai Cosmx Battery Co.Ltd(688772) was listed on the science and innovation board in October 2021. Chongqing project is the second major investment project announced by the company since its listing.
In November 2021, Zhuhai Cosmx Battery Co.Ltd(688772) once announced that it planned to invest no more than 4 billion yuan to build a lithium-ion power battery production and construction project in Jiaxing, Zhejiang Province. The project plans to build a lithium-ion power battery with an annual output of 10gwh. Different from Jiaxing project, the main type of Chongqing project is energy storage battery.
With the continuous decline of lithium battery cost, the energy storage battery market is gradually entering a stage of rapid development. The implementation plan for the development of new energy storage in the 14th five year plan issued by the national development and Reform Commission and the National Energy Administration in February this year mentioned that by 2025, new energy storage will enter the stage of large-scale development from the initial stage of commercialization, have the conditions for large-scale commercial application, the industrial system is becoming more and more complete, and the market environment and business model are basically mature.
As a lithium battery giant, Zhuhai Cosmx Battery Co.Ltd(688772) previously mentioned in the prospectus that with the gradual maturity of the technology in the lithium battery industry and the continuous expansion of application fields, the company will actively explore the power and energy storage lithium battery market in the future to provide new growth points for the company’s business development.
Zhuhai Cosmx Battery Co.Ltd(688772) said that under the trend of expanding the application field of lithium battery and increasing the demand, the company insisted on developing its existing main business, based on the field of consumer batteries, and expanding its business in other application fields, such as UAV batteries, smart wearable device batteries, etc.
In the power battery market, from the current car start and stop batteries, electric motorcycle batteries and other businesses, gradually extend to pure electric vehicle batteries and energy storage batteries, constantly expand the company’s power battery business scale, improve market competitiveness, and strive to make the company reach a new level within five years.
In addition, the company mentioned that it plans to use about 400 million yuan to raise funds for the upgrading and construction of the R & D center. The important task of the R & D center is to carry out research on long-life batteries and high-energy density batteries for energy storage, so as to provide technical reserves for its active development of energy storage business.
