Jiwei Network news, on January 25, Ningde Times New Energy Technology Co., Ltd. (hereinafter referred to as "NINGDE Times") submitted a registration to the Shenzhen Stock Exchange on "issuing securities to specific targets to raise funds".
It is understood that CATL is the world's leading new energy innovation technology company, with core technical advantages and forward-looking R&D layout in key areas of the industrial chain such as battery materials, battery systems, battery recycling, etc., focusing on the research and development, production and sales of power batteries and energy storage batteries, and is committed to providing first-class solutions and services for global new energy applications through business model innovation. The company attaches great importance to the research and development of products and processes, and has established a research and development system covering material research and development, product research and development, engineering design, test analysis, intelligent manufacturing, information systems, project management and other fields.
CATL has the National Engineering Research Center for Electrochemical Energy Storage Technology, the Key Laboratory of Lithium-ion Battery Enterprises in Fujian Province, the Testing and Verification Center certified by the China National Accreditation Service for Conformity Assessment (CNAS), the "Fujian Academician Expert Workstation" and the "Postdoctoral Research Workstation" and other R&D institutions, and the NINGDE Times 21C Innovation Laboratory for the research and development of new energy frontier technologies.
While adhering to independent research and development, CATL actively establishes in-depth cooperative relations with well-known enterprises, universities and research institutes at home and abroad, and leads or participates in the formulation or revision of a number of domestic and foreign standards. Among them, the "Future Technology College" jointly established by CATL and Shanghai Jiao Tong University focuses on the interdisciplinary research of the whole industry chain of future energy technology, realizes the intelligent and digital management of the energy system, and helps the company's sustainable development. In addition, through years of research and development accumulation, CATL has developed new products represented by sodium-ion batteries, laying a solid foundation for the company's subsequent steady development.
CATL power battery products include batteries, modules/boxes and battery packs, and the application areas cover new energy passenger cars, new energy commercial vehicles and other new energy travel tools and non-road mobile machinery. The power battery of the Ningde era can meet the functional needs of fast charging, long life, long mileage, strong environmental adaptability and so on, and the products have the characteristics of high energy density, multi-cycle times, safety and reliability.
According to the application field and customer requirements, CATL designs personalized product solutions through customization or joint research and development to meet the different needs of customers for product performance.
In the field of new energy passenger vehicles, CATL power batteries have been widely used in pure electric passenger cars, plug-in hybrid passenger cars, hybrid passenger cars and micro-hybrid passenger cars, forming a complete product series including high-energy density ternary high-nickel batteries and cost-effective lithium iron phosphate batteries.
In the field of new energy buses, CATL power batteries are currently widely used in pure electric buses, plug-in hybrid buses and hybrid buses, such as city buses, business tourism buses, shuttle buses, etc. In the field of new energy trucks, CATL products can be applied to commercial vehicles such as electric heavy trucks, light trucks and logistics vehicles.
In the field of new energy two-wheeled vehicles, CATL products can be applied to electric bicycles, electric motorcycles and other fields, covering business models such as sharing and power exchange. In addition, CATL also develops other special vehicle markets and provides customized solutions, such as sanitation vehicles and port trailers. CATL power battery products can also be widely used in electric ships, forklifts and construction machinery and other fields.
It is planned to raise 45 billion yuan for the construction of 4 major power battery and energy storage battery projects
The total amount of funds raised from the issuance of shares shall not exceed RMB45 million (including the principal amount), and it is intended to be used for the following items after deducting the issuance fee:
According to the data, the Fuding era lithium-ion battery production base project, guangdong Ruiqing era lithium-ion battery production project phase I, Jiangsu times power and energy storage lithium-ion battery research and development and production project (phase IV), Ningde Jiaocheng era lithium-ion power battery production base project (Cheliwan project) are all power battery and energy storage battery related capacity construction projects.
CATL said that with the substantial growth of global new energy vehicle penetration, power battery shipments will enter the "TWh" era in the next few years, and the energy storage industry has ushered in explosive growth. From January to September 2021, the company's lithium battery product capacity utilization rate reached 97.30%, in order to meet the rapid growth of market demand, the company needs to do a good job of forward-looking layout, this fundraising project will help the company steadily expand production capacity, stabilize the industry leading position. In addition, the company through the expansion of production capacity scale, improve the utilization efficiency of equipment, manpower and other resources, improve product performance, expand the scale of product output, enhance the scale effect, share the production process arising from the three costs, energy consumption and raw materials and other comprehensive costs, thereby reducing the price of battery products, strengthening the product side in the field of global power battery competitive advantage, project construction is necessary.
CATL has the most extensive customer base in the industry, the company in the domestic market for SAIC, FAW, Geely, Yutong, BAIC, Weilai, Xiaopeng and other car companies to support the power battery products, in the overseas market to further with Tesla ,BMW(BMW), Daimler (Daimler), Peugeot Citroen (PSA) and other international car brands to deepen cooperation, for the company to continue to obtain orders, to stabilize the industry leading position to provide a strong guarantee. As the global power battery industry moves towards the "TWh" era and the energy storage industry ushers in explosive growth, CATL said that the company's production capacity of this fundraising project is expected to be effectively digested. (Proofreading/Andy)