Jiangsu Guotai (002091) announced on December 26 that it plans to invest in a 40,000 tons/year lithium-ion battery electrolyte project in Poland, which is wholly-owned subsidiary of Jiangsu Ruitai New Energy Materials Co., Ltd. (hereinafter referred to as “Rui Taixin†Energy") and its holding subsidiary Zhangjiagang City Cathay Huarong Chemical New Materials Co., Ltd. (hereinafter referred to as "Guotai Huarong") each invested 50% to set up a subsidiary "Guotai Huarong (Poland) Co., Ltd." (tentative name) The implementation is complete.
The announcement shows that the total investment of the project is 300 million yuan and the construction period is about 30 months. Among them, Ruitai New Energy invested 150 million yuan with raised funds, and Guotai Huarong invested 150 million yuan with its own funds. The two parties invested in phases according to the progress of the project. After the project is put into production, the annual operating income is 2.2 billion yuan, and the total profit is 391.078 million yuan.
At present, Europe is rapidly moving towards electrification. With the rising demand for electric vehicles in Europe, battery companies and auto manufacturers that have already smelled the market are arranging power batteries in Europe.
Specifically, it can be divided into three major forces: First, the foreign power battery giants established in Europe, with LG, Tesla, Samsung, etc. as the main representatives; Second, the car manufacturers that set up lithium battery pack factories in Europe, such as Daimler Third, local companies in Europe to build super lithium battery factories, such as the German Union to set up a super factory, ABB joined Northvolt to build Europe's largest lithium-ion battery factory.
Jiangsu Guotai said that the new chemical materials and new energy business has always been an important business of the company. In order to seize the development opportunities of new energy vehicles, the construction of a 40,000 tons/year lithium-ion battery electrolyte project in Poland is considered by the company in the long run. This will enhance the company's differentiated competitiveness in the lithium-ion battery electrolyte business and promote the company's development. The implementation of the project can meet the needs of major customers in a timely manner, and can also open up markets in other European countries.
At the same time, the electrolyte is transported to the European factory in China, and the empty drums are returned. The cost per ton of electrolyte exceeds 10% of the sales price of the electrolyte. Production in Poland can reduce costs and increase product competitiveness, and there are policy incentives at the project site.
According to the due diligence of a professional company in Poland, it is judged from the information already obtained that the project can be built locally, and all the raw materials used in the project are not in the banned chemical category. However, it should be noted that due to the large amount of lithium hexafluorophosphate and carbonate used in the project, it is listed as a project with major hazards, and it is necessary to comply with local regulations and inform the public of its dangers during operation.
In fact, this year, the electrolyte market is facing downward pressure on gross profit and overcapacity. In response to market conditions, Jiangsu Guotai is improving its market competitiveness through various channels.
On the one hand, it has greatly expanded its production capacity and reached strategic cooperation with major customers. On April 26 this year, Guotai Huarong, a subsidiary of Jiangsu Guotai, plans to invest 100 million yuan to set up a wholly-owned subsidiary “Ning Germany Taihua Rongxin Materials Co., Ltd.†in Fujian Ningde to implement an annual output of 40,000 tons of lithium-ion power battery electrolysis. Liquid project. The project is planned to lease the factory buildings in the Ningde factory area of ​​Ningde Times.
Jiangsu Guotai said that it is expected to lease the 40,000-ton lithium-ion battery electrolyte solution project in Ningde era, which can meet the development needs of Ningde era, and has the advantages of short construction period, low investment and low operating cost.
At the same time, Cathay Huarong's annual expansion of 20,000 tons of lithium battery electrolyte expansion technology project is also being implemented.
On the other hand, research and development of new products to enhance product competitiveness. At present, Cathay Huarong is developing two new products, high-safety functional electrolytes and high-voltage electrolytes for lithium-ion batteries for power use. Among them, the high-safety functional electrolyte mainly matches the high-capacity positive NCA/high-voltage lithium-rich nickel-manganese material and the high-capacity silicon-based anode material to improve the energy density of the power battery.
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