New Energy Morning Post| Changan New Energy Receives Another 5 Billion Yuan of Financial Support Panasonic plans to invest 10 billion yen in a battery factory

Whale Platform 01/25 morning highlights

Vigorously developing the energy storage industry chain has become the highlight of many provinces and cities in 2022

On January 25, the Financial Associated Press reported that Zhejiang, Henan, Sichuan and other places will write energy storage into the government work report, and vigorously develop the energy storage industry chain has become the highlight of many provinces and cities in 2022. The concept of green development is deeply rooted in the hearts of the people everywhere. Under the background of the great development of new energy, the industry's demand for energy storage has increased rapidly. In addition, some local governments have listed energy storage in their 2021 or "14th Five-Year Plan" development plans, and a number of projects have "blossomed". Previously, Inner Mongolia's plan for 2021 included the action of "rejuvenating Mongolia with science and technology", including strengthening the construction of innovation platforms, focusing on rare earth new materials, large-scale energy storage, modern agriculture and animal husbandry, energy conservation and environmental protection and other fields.

Ying Yong: I hope that BYD and Hubei will expand and deepen cooperation in the fields of intelligent and connected vehicles and new energy vehicles

According to the Securities Times Network, Ying Yong, secretary of the Hubei Provincial Party Committee, Wang Zhonglin, deputy secretary of the provincial party committee and governor of the province, had a discussion with Wang Chuanfu, chairman of BYD, and witnessed the signing of a strategic cooperation framework agreement between Xiangyang City and BYD Co., Ltd. Ying Yong said that he hopes that BYD will give full play to the advantages of industry leaders, further increase its investment layout in Hubei, and expand and deepen cooperation with Hubei in the fields of intelligent networked vehicles and new energy vehicles. We will continue to create a market-oriented, rule-of-law, and international business environment, and be a good "shop small two" that responds to everything and does not disturb anything, so as to provide better services and create a better environment for all kinds of enterprises, including BYD, to develop in Hubei.

GCL-Poly 2021 pre-profit of about 5 billion yuan Granular silicon production accounted for 18%

GCL-Poly announced that the company expects the photovoltaic materials business to achieve a net profit of about 5.4 billion yuan in 2021; other non-photovoltaic materials businesses are expected to reduce losses by more than 50% compared with 2020. Based on comprehensive calculations, GCL-Poly expects a net profit of about 5 billion yuan in 2021, a substantial increase over the previous year. The company said that in 2021, the price of photovoltaic materials rose in unison, continuing to prosperity; particle silicon output accounted for 18% of the company's total silicon output (excluding the silicon output of associated companies), particle silicon profit advantages have initially emerged, in the case of raw material industrial silicon and silicon prices soared, particle silicon gross profit margin is higher than rod silicon gross margin of more than 15 percentage points. In 2021, GCL-Poly's granular silicon production capacity will be increased from 10,000 tons to 30,000 tons, of which 20,000 tons have been fully loaded, and the remaining production capacity is expected to reach full production in February.

Changan New Energy received another 5 billion yuan of financial support

According to The China Securities News, on January 24, Chongqing Changan New Energy Automobile Technology Co., Ltd., a joint venture of Changan Automobile, held a signing ceremony for the B round of financing, announcing the completion of 4.977 billion yuan of financing, exceeding the planned financing amount of nearly 2 billion yuan. China Securities News reporter learned that after Changan New Energy completed the B round of financing, it plans to complete the public listing around 2025.

Panasonic is reported to invest $700 million to build a battery factory in Japan, and the 4680 prototype battery will be put into production as early as 2023

According to the Financial Associated Press on January 25, the Nikkei Shimbun reported that Panasonic plans to invest about 80 billion yen ($700 million) in Japan to build a battery factory. In addition, Panasonic will produce a 4680 prototype battery for Tesla as early as 2023. Panasonic will produce 4680 batteries at a plant in Kasama Prefecture, Japan, with an annual output of about 10 gigawatt hours, which is equivalent to supplying batteries for 150,000 cars. This new battery pack can extend the range by about one-fifth.

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