Hailiang co., LTD. invested in new energy batteries to promote the development of copper foil business

Shanghai Securities News China Securities Network News Hailiang Co., Ltd. announced on January 18 that in order to strengthen cooperation with enterprises in the new energy industry, the Hangzhou Hanzhi Equity Investment Partnership established by the company increased the capital of Honeycomb Energy by 322 million yuan, accounting for 0.7% of its equity after the capital increase. As a limited partner, the company contributed 100 million yuan, accounting for 19.96% of the total subscribed capital contribution of Hangzhou Hanzhi.

Founded on February 12, 2018, headquartered in Changzhou City, Jiangsu Province, Hive Energy's main business is the research and development, production and sales of power battery cells, modules and battery packs, and will gradually extend to upstream battery materials, middle and downstream energy storage cabinets and photovoltaic and system integration, covering the entire industrial chain of new energy batteries, and creating a world-class new energy battery manufacturer based on technology and driven by production and sales.

The major shareholder of Hive Energy is Baoding Ruimao Enterprise Management Consulting Co., Ltd., a wholly-owned subsidiary of Baoding Great Wall Holding Group Co., Ltd., Honeycomb Energy relies on the R&D genes of Great Wall Motors to carry out battery research and development with vehicle needs, has its own R&D team of key raw materials such as positive electrode, negative electrode, diaphragm, electrolyte, etc., with independent research and development and production capacity of key raw materials for batteries, and quickly completes a large number of power battery technology breakthroughs in a short period of time.

On December 8, 2021, at the second battery day conference of Hive Energy, Hive Energy released the "600" strategy and four major support strategies for 2025, announcing that the company's global production capacity planning target for 2025 was increased to 600GWh, and at the same time launched a series of short knife battery new categories in terms of products, and will implement electric global short knife in the future. The company has received nearly 400GWh of passenger car orders in 2025, and the installed capacity of domestic power battery companies in 2021 has jumped to the sixth place, in the future, Hive Energy will expand the global expansion based on China, and from 2024 to 2025, the competitiveness of China's lithium batteries will be expanded to the world and become a global brand.

Hailiang Co., Ltd. announced on November 8, 2021, that it intends to invest in the construction of a project with an annual output of 150,000 tons of high-performance copper foil materials. The project is a prudent decision made by the company to achieve the strategic goal of 2025 and lay out the foothold of new energy copper-based materials. On December 16, 2021, Hailiang's annual output of 150,000 tons of high-performance copper foil material project held a groundbreaking ceremony in Lanzhou New District, marking the official landing of the company's copper foil project.

In recent years, Hailiang co., Ltd., as a copper pipe giant, on the basis of consolidating the existing traditional advantages in the application field, in the context of the continuous prosperity in the field of new energy and the stable growth of demand in the copper pipe industry, actively develop new products and broaden the application field, the main products have entered the new energy vehicles, 5G communications, semiconductors, military, wind power and other emerging industries industrial chain, has developed and produced new energy vehicles, wind power, photovoltaic, nuclear energy and other new energy fields required copper-based new materials as an important development direction of the company. And the lithium battery copper foil as an important entry point for the company to enter the new energy copper-based materials.

The company's investment fund Hangzhou Hanzhi capital increase Hive Energy, will have synergistic development and cooperation opportunities with Hailiang New Energy Copper Foil Project, and Hive Energy is currently one of the major new energy power battery enterprises in China, with strong technology research and development and market development strength. This investment is in line with the investment direction of the fund, which is conducive to accelerating the development of Hailiang shares in the field of new energy, especially the copper foil business. (Wang Weili)