On October 20, Yiwei Lithium Energy released a series of weightier news. In terms of announcements, the official announced a number of investment plans, involving overseas plant construction, capital increase, equity changes, etc.; In practical action, the launch of new products.
More than 3 billion, the capacity of cylindrical batteries to expand
According to the Announcement on Sun Company's plan to invest in the Construction of cylindrical lithium battery Manufacturing Project in Malaysia, Yiwei Lithium Energy Malaysia Limited will invest in the cylindrical lithium battery manufacturing project with its own and self-raised funds, with the investment amount not exceeding 422.3 million US dollars (about 3.06 billion yuan).
Overseas factory/super capacity battery release, Yi Wei Lithium can play a "combination of blows"!

Photo source: Yi Wei Lithium Energy Announcement
The source of funds is self-owned and self-raised funds. The project will be constructed in stages with a construction period of no more than three years, and the actual construction situation shall prevail.
According to the announcement, the project will build a production base in Malaysia based on domestic manufacturing advantages and operational experience, and build a new production capacity of 21700 terrapin-type cylindrical batteries to support supporting electric two-wheeled vehicle and power tool manufacturing enterprises in Malaysia and Southeast Asia.
The announcement said that the investment matters in line with the company's development strategy and long-term planning, will further promote the smooth promotion of the company's overseas business, enhance the company's comprehensive competitiveness in the electric two-wheel vehicle and power tools market and global market share, to improve the company's global industrial layout has a positive role and far-reaching significance.
According to the data, Yiwei Lithium Energy is one of the earliest domestic lithium battery enterprises engaged in the research and development of cylindrical batteries and realized large-scale industrial application. Its cylindrical batteries originated from the production of lithium galvanic batteries, and gradually extended to 18 series, 21 series and other consumer cylindrical batteries and 46 series power storage cylinder batteries.
In April this year, YiweiLithium Energy invested in the construction of high-performance lithium-ion cylindrical battery industrialization project in Jingmen City, Hubei Province. The main products of this project are 18650 and 21700 cylindrical batteries, with an annual production capacity of 750 million.
According to this year's semi-annual report, the 18650 and 21700 terre cylinder batteries and other products are mainly used in power tools, garden tools, electric two-wheelers, vacuum cleaners, sweeping robots and so on.
Of course, the cylinder batteries of Yi Wei Lithium Energy will also supply BMW Group and be used in new energy vehicles.
325 million, increase the capital of two subsidiaries
The Announcement on capital increase of its subsidiary Chengdu Yiwei Lithium Energy shows that Yiwei Lithium Energy plans to use its own capital of 250 million yuan to increase capital of Chengdu Yiwei Lithium Energy.
After the completion of the capital increase, the registered capital of Chengdu Yiwei Lithium Energy will be changed from 50 million yuan to 300 million yuan, and Yiwei Lithium Energy still holds 100% of its equity.
On the proposed to jingmen new main bond announcement of new material co., LTD., capital increase, according to the lithium billion weft will signed with the new main bond and jingmen main bond the jingmen new main bond new material co., LTD., the capital increase agreement ", hundred million weft lithium can and new main bond with monetary funds to jingmen new main bond capital increase of 75 million yuan, 37.5 million yuan for the jingmen new zhou state to the registered capital, 37.5 million yuan is included in Jingmen New Zhou Bang capital reserve.
After the completion of the capital increase, the registered capital of Jingmen Xinzhoubang was changed from 150 million yuan to 225 million yuan, the equity proportion of Jingmen Xinzhoubang held by Yiwei Lithium Energy was changed from 20% to 30%, and the equity proportion of Jingmen Xinzhoubang held by Xinzhoubang was changed from 80% to 70%.
Jingmen New Zhoubang lithium ion battery electrolyte products to ensure the priority of Yi Wei Lithium Energy investment in the construction of battery factory in Jingmen.
Generally speaking, in the absence of the introduction of new shareholders, registered capital increase has three important meanings:
1. Enhance the strength of the company and improve the company's credit. The higher the registered capital is, the greater the asset strength and operation scale of the company, which can improve the company's commercial credit and make it in an advantageous position in the competition.
2. Increasing the company's working capital is conducive to developing new investment projects and expanding the company's existing operation scale;
3. Increasing the company's registered capital is conducive to more advantages for enterprises in project declaration, bidding and shortlisting. The more registered capital, the company will bear more responsibilities, in the business operation will be more assured partners.
560Ah ultra large capacity/ultra long life battery is released
According to the official wechat account of the company, on October 20, the company released a new generation of energy storage battery LF560K.
According to reports, the first LF560K battery adopts the super-large battery CTT(Cell to TWh) technology, namely the innovative cell technology for TWh level energy storage scale, which makes the system integration extremely simple and can achieve the cost of cell and system level double reduction. It is expected to start the global delivery in the second quarter of 2024.
Based on CTT technology, LF560K battery can reduce the total cost of the system, with 560Ah super capacity, a single battery can store 1.792kWh energy, cycle life more than 12,000 times, to meet the high economic demand of energy storage market.
In the application of system integration, compared with LF280K battery, using LF560K battery can reduce the number of cells by 50%, simplify the number of Pack parts by 47%, and improve the production efficiency by 30%. In addition, through the optimization of cluster size, the container power can be increased by 6.5%, which perfectly matches the industry standard integration scheme and reduces the use cost of customers.
In view of the key technical problems faced by the super-large battery, Yiweili can adopt the "stacking technology" to solve the technical problems in the design of the electronic conductivities gathering of LF560K battery and its producibility. On the one hand, the number of the packing pole lug of the stack core is doubled, which solves the problem of the electronic conductivities gathering and reduces the DCIR by 8%. On the other hand, when lamination replaces winding, the length of monopole sheet is shortened by 100 times, and the total yield of cell production can be increased by 3%.
The company also noted that it plans to achieve 100GWh of electric energy storage capacity by 2025.
conclusion
In the field of new energy, Yiwei Lithium Energy is a "generalist", consumer battery, power battery, energy storage battery and so on are one of the businesses, and in full bloom.
The latest factory in Malaysia is a small power battery; Capital increase is to enhance the power battery, energy storage battery and raw material production main strength; The launch of new products is a demonstration of technical strength.
The future of Yi Wei Lithium energy is more worth looking forward to.
In the secondary market, as of the close of trading on October 21, Yi Wei Lithium Energy was trading at 93.09 yuan per share, with the current total market value of 176.8 billion yuan.
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