On the evening of January 7, Ningbo Ronbay New Energy Technology Co.Ltd(688005) announced that it had signed a strategic cooperation and long-term supply agreement with Contemporary Amperex Technology Co.Limited(300750) . Contemporary Amperex Technology Co.Limited(300750) it is expected to purchase about 100000 tons of high nickel ternary cathode materials from the company in 2022. The company will be the first supplier of ternary cathode powder from 2023 to the end of 2025.
With the rapid increase of demand in the new energy vehicle market and energy storage market, Contemporary Amperex Technology Co.Limited(300750) orders continue to flow, coupled with the rising price of upstream materials, locking raw materials in advance has become an inevitable choice for power battery enterprises.
purchase 100000 tons of high nickel cathode materials
According to the supply agreement, Contemporary Amperex Technology Co.Limited(300750) is expected to purchase about 100000 tons of high nickel ternary cathode materials from Ningbo Ronbay New Energy Technology Co.Ltd(688005) in 2022; From 2023 to the end of 2025, Contemporary Amperex Technology Co.Limited(300750) will take Ningbo Ronbay New Energy Technology Co.Ltd(688005) as its first supplier of ternary cathode powder, and purchase no less than a certain proportion of high nickel ternary cathode materials from the company.
The announcement shows that the two sides will carry out comprehensive and in-depth cooperation in strategy, market, commerce, technology, product development and supply chain in the field of batteries and materials, reach a strategic partnership and jointly promote industrial development. The two sides establish an irregular exchange of visits mechanism to discuss and share future strategic development objectives and strategic plans, guide business cooperation between the two sides, and enable the two sides to obtain the largest market share in power, energy storage, digital and other terminal markets.
Benefiting from the rapid development of new energy vehicle industry, Ningbo Ronbay New Energy Technology Co.Ltd(688005) and other lithium battery industry chain companies achieved significant growth in 2021. The company expects to realize the net profit attributable to the owners of the parent company of RMB 890 million to RMB 920 million in 2021, with a year-on-year increase of 317.71% – 331.79%. Everbright Securities Company Limited(601788) it is estimated that nearly 60000 tons of ternary cathode will be shipped in Ningbo Ronbay New Energy Technology Co.Ltd(688005) 2021.
In the context of rising demand and rising prices of raw materials, locking raw materials in advance has become a “necessary action” for power battery manufacturers. In addition to Contemporary Amperex Technology Co.Limited(300750) , Ningbo Ronbay New Energy Technology Co.Ltd(688005) has recently signed a framework agreement with Farasis Energy (Gan Zhou) Co.Ltd(688567) , which stipulates that Farasis Energy (Gan Zhou) Co.Ltd(688567) will purchase 30953 tons of high nickel ternary cathode materials from the company in 2022.
In order to expand production capacity, Ningbo Ronbay New Energy Technology Co.Ltd(688005) has begun layout. In December 2021, Ningbo Ronbay New Energy Technology Co.Ltd(688005) announced that it had signed a strategic cooperation agreement with Zhejiang Huayou Cobalt Co.Ltd(603799) . From January 1, 2022 to December 31, 2025, the company’s precursor procurement of Zhejiang Huayou Cobalt Co.Ltd(603799) would not be less than 180000 tons, and both parties expected that the precursor procurement would reach 415000 tons.
Contemporary Amperex Technology Co.Limited(300750) frequently sign and lock battery raw materials
Contemporary Amperex Technology Co.Limited(300750) recently, it has frequently signed cooperation agreements with a number of suppliers to lock in the raw materials of power batteries. On December 24, 2021, Contemporary Amperex Technology Co.Limited(300750) signed a battery aluminum foil agreement with Jiangsu Dingsheng New Material Joint-Stock Co.Ltd(603876) . Jiangsu Dingsheng New Material Joint-Stock Co.Ltd(603876) will supply power battery aluminum foil to Contemporary Amperex Technology Co.Limited(300750) from 2021 to 2025. It is estimated that the minimum supply is 512000 tons in total. On November 10, 2021, the leading lithium diaphragm enterprise Yunnan Energy New Material Co.Ltd(002812) announced that it had signed a cooperation agreement with Contemporary Amperex Technology Co.Limited(300750) . The two sides agreed to invest 8 billion yuan to establish a platform company, mainly engaged in the investment of dry isolation membrane and wet isolation membrane projects. After the completion of the project, the total production capacity will reach 3.6 billion square meters / year. Wet isolation membrane products will be supplied to Contemporary Amperex Technology Co.Limited(300750) preferentially within 5 years after the signing of the agreement.
Large purchases are closely related to a steady stream of orders for Contemporary Amperex Technology Co.Limited(300750) . On December 30, 2021, 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. It is reported that Zhejiang vision is a holding subsidiary of Zhejiang Geely Holding Group Co., Ltd.
On September 9, 2021, Contemporary Amperex Technology Co.Limited(300750) signed the five-year supply and demand linkage and capacity guarantee framework agreement with Chongqing Jinkang New Energy Vehicle Co., Ltd. According to the agreement, Contemporary Amperex Technology Co.Limited(300750) will supply power battery products to Chongqing Jinkang from 2022 to 2026. It is reported that Chongqing Jinkang is a holding subsidiary of Chongqing Sokon Industry Group Stock Co.Ltd(601127) .
According to the prediction of EV volumes, in 2025, the sales volume of Shanxi Guoxin Energy Corporation Limited(600617) passenger vehicles is expected to reach 6 million, and the global sales volume of new energy passenger vehicles is expected to reach 18 million, corresponding to the average annual growth rate of 44% from 2021 to 2025. The global demand for power batteries in 2025 is expected to be 919.4gwh, which will approach or even exceed 1twh. Power batteries still have great potential in the future.
(source: China Securities Journal)
