On October 12, Ningde Times New Energy Technology Co., Ltd. (300750, hereinafter referred to as NINGDE Times), a leading global power battery company, issued an announcement that the company intends to invest in the construction of Bangpu Integrated Battery Material Industrial Park Project in Yichang High-tech Zone, Hubei Province, and Hubei Yihua Supporting The construction of chemical raw materials project, with a total investment of no more than RMB 32 billion.
At the symposium before the signing ceremony, Ying Yong, secretary of the Hubei Provincial Party Committee, said that Hubei is accelerating the construction of five trillion-level modern industrial clusters, including the automobile industry. In recent years, the rapid development of Hubei's new energy automobile industry, the construction of Wuhan National New Energy and Intelligent Networked Automobile Industry Demonstration Base has accelerated, Hubei phosphate ore resources are abundant, the phosphorus chemical industry has a strong foundation, and it has outstanding advantages in promoting the cluster development of the power battery industry. Welcome the Ningde era to deepen cooperation with Hubei, focus on new materials, new energy and other fields, work together to grasp the "outlet" of the development of the new energy automobile industry, accelerate the completion and production of projects in Hubei, and help Hubei's automobile industry to extend the chain and strengthen the chain.
Zeng Yuqun briefly introduced the business development of the Ningde era, the investment layout in Hubei and the future development plan. He said that cataline times is firmly optimistic about Hubei, full of confidence in the investment and development of Hubei, will focus on the industrial development positioning of Yichang, take the project signing as an opportunity, and increase cooperation with Hubei in the fields of new energy vehicle power batteries, energy storage, and intelligent electrification scene applications, promote the integration of resource elements, create a recycling system for the whole industrial chain of batteries, and contribute to the comprehensive green transformation of Hubei's economic and social development. At the same time, Hubei Yichang Municipal Government, Yichang High-tech Zone Management Committee, Hubei Yihua Group signed cooperation agreements with Guangdong Bangpu Recycling Technology Co., Ltd., a subsidiary of Ningde Times Holdings, and Ningbo Bangpu Times New Energy Co., Ltd., its holding subsidiary.
According to the agreement, the Bangpu Integrated Battery Material Industrial Park project with a total investment of about 32 billion yuan settled in Yichang. The project takes the cathode material of the new energy vehicle power battery as the core, covers the whole life cycle of the battery, and builds a production base that integrates multi-link business such as "phosphate rock - raw material - precursor - cathode material - battery recycling".
Li Changdong, chairman of Guangdong Bangpu Recycling Technology Co., Ltd., and Wang Yinghua, vice mayor of Yichang City, signed the agreement on behalf of both parties. Ying Yong, secretary of the Hubei Provincial Party Committee, Wang Zhonglin, governor of Hubei Province, Cao Guangjing, vice governor of Hubei Province, Wang Li, secretary of the Yichang Municipal Party Committee, and Zeng Yuqun, chairman of the Board of Directors of Ningde Times, witnessed the signing of the contract. CATL is the world's leading lithium-ion battery R&D and manufacturing company, and its business includes the research and development, production and sales of new energy vehicle power battery systems and energy storage systems. Headquartered in Ningde, Fujian Province, China, it has laid out battery manufacturing bases in many resource centers across the country, and has subsidiaries in Germany, France, Japan and the United States. A month ago, CATL invested 13.5 billion yuan in Yichun, Jiangxi Province, to build a new lithium battery production and manufacturing base (Yichun) project.
Hubei has significant location advantages, strong scientific and educational strength, complete industrial system, is one of the provinces with the most complete automotive industry chain, and has abundant reserves of phosphate ore resources. At present, China's proven reserves of phosphate ore are 3.3 billion tons, ranking second in the world. China's phosphate rock is mainly distributed in Hubei, Yunnan, Guizhou, Hunan and Sichuan provinces, with retained reserves accounting for about 80% of the country. Among them, Hubei phosphate ore reserves ranked first in the country, reaching 6.34 billion tons, accounting for 29.4%. The Bangpu integrated battery material industrial park project settled in Yichang, Hubei Province, which is conducive to further improving the strategic layout of the Cataline era in the lithium battery new energy industry, giving full play to the advantages of industrial synergy, and ensuring the supply of battery materials for the company.
It is worth mentioning that Hubei Yihua, a partner of the Ningde era, is a leading listed company in China's phosphorus chemical industry, with mining rights of 1.3 million tons of phosphate ore per year in Yichang and Sichuan, Hubei. Affected by the news of cooperation, Hubei Yihua today increased the volume of 3.47 billion yuan, a strong rise and stop. As of today's close, it was reported at 21.02 yuan, with a total market value of 18.87 billion. Hubei Yihua said that the company's cooperation with Ningbo Bangpu to build an integrated battery material project is conducive to the company to seize the opportunity of the development of the new energy market, optimize and upgrade the layout of the phosphorus chemical industry chain, give play to the synergistic effect of coal chemical, phosphorus chemical and chlor-alkali chemical industry, and improve the company's market competitiveness and sustainable profitability.