Fo Plastic Technology Plans To Invest 1.076 Billion Yuan To Build A New Energy Vehicle Power Battery Research And Development Center

- Oct 18, 2019-

Foshan Plastic Technology plans to throw more than 1 billion for power battery and system projects, and once again attack the power battery battlefield can "reverberate" as expected?

On June 28, Fo Plastics Technology announced that the company set up a project company to invest 1.076 billion yuan to build a new energy vehicle power battery and system project and a power lithium-ion battery research and development center.

In addition to Focheng Plastic Technology, another project company's funder is the core technology management team of the project company, and plans to establish a limited partnership as a shareholding platform.

The registered capital of the project joint venture company is 100 million yuan. Among them, Foshan Plastic Technology invested 66 million yuan, accounting for 66% of the shares. The shareholding platform invested 34 million yuan and held 34% of the shares.

According to public information, Fo Plastic Technology is mainly engaged in the production and sales of various advanced polymer functional films. In addition, the company is also engaged in logistics service business and real estate business. The company focuses on the development and production of new materials such as polymer functional films for strategic emerging industries such as new energy, new energy vehicles, high-end electronic information and energy conservation and environmental protection. It has gradually formed a framework of dialysis materials, photoelectric materials and barrier materials. Industrial layout.

According to the plan, the project plans to invest about 880 million yuan to build a power lithium-ion battery and system production line with a total capacity of 2GWh. The estimated construction period is 18 months, and trial production will begin in October 2020. The proposed investment is about 196 million yuan. The lithium-ion battery research and development center is expected to be built in 15 months and completed in September 2020.

Foshan Plastic Technology Co., Ltd. said that this investment in the construction of power lithium-ion battery projects and systems, combined with the company's independent research and development of lithium-ion battery plastic film, the company and the Chinese Academy of Sciences Shanghai Institute of Ceramics synergistic development of graphene-based lithium-ion battery technology And the lithium-ion battery separator products of Foshan Jinhui Gaoke Optoelectronic Materials Co., Ltd., which participates in the company, form a synergistic effect of the lithium-ion battery industry chain, which is conducive to the company to enlarge and strengthen new energy and new materials industries, enhance core competitiveness and achieve transformational development. .

Focheng Plastics believes that with the global energy shortage, environmental pollution and driving safety challenges increasing, the global automotive industry is developing towards electricization, intelligence, networking and sharing. New energy vehicles have become a Seize the strategic highland and the strategic direction of the development of the automotive industry in various countries. According to the "13th Five-Year Plan for the Development of Strategic Emerging Industries", the new energy automobile industry has been included in the strategic emerging industry development plan, and at the same time set new energy vehicle industry development goals, and gradually formed a relatively complete policy system. From the aspects of macro overall planning, promotion and application, industry management, fiscal and taxation preferences, technological innovation, and infrastructure, the rapid development of China's new energy automobile industry has been promoted. The production and sales volume of China's new energy vehicle market has increased significantly, which directly drives the demand for China's power battery market to maintain rapid growth. The main growth points of the new energy vehicle market in the future are expected to be concentrated in the field of new energy passenger vehicles. The development of passenger vehicles in the direction of long battery life and high energy density has become a trend, and the advantages of power batteries with higher energy density are gradually emerging.

In fact, Foshan Plastic Technology has been involved in the field of power battery for a long time. Foshan Plastic Technology Co., Ltd. and Zhejiang Shilang Electric Vehicle Co., Ltd. and Shanghai Delang Energy Battery Co., Ltd. signed the Cooperation Framework Agreement on December 17, 2015. The agreement is valid for six months. In February 2016, Foshan Plastics Technology Co., Ltd. announced that it intends to expand its lithium-ion power battery business through non-public issuance. The company plans to raise the total amount of funds raised from the above-mentioned non-public offering of shares to no more than 1.3 billion yuan, mainly to Foshan Sanshui Power Lithium Battery. Construction project; increase capital of Shanghai Delangeng Power Battery Company, and purchase part of equity projects held by the original shareholders of Shanghai Delangeng Power Battery Company; establish a graphene lithium-ion battery R&D center project; repay bank loans. However, as Fo Plastic Technology and its partners failed to reach an agreement on the agreed matters and signed the official legal documents during the validity period of the Cooperation Framework Agreement, the Cooperation Framework Agreement will automatically terminate on June 18, 2016.

In the view of Foshan Plastics Technology, the layout of the power battery field after three years is the company's strategic breakthrough and transformation in the field of new energy industry. This investment in the construction of power lithium-ion battery projects and systems, as an opportunity to enter the power lithium-ion battery industry entry point, combined with the company's independent research and development of lithium battery aluminum film, the company and the Chinese Academy of Sciences Shanghai Institute of Ceramics synergy Developed graphene-based power lithium-ion battery technology, and lithium-ion battery separator products of Foshan Jinhui Hi-Tech Optoelectronic Materials Co., Ltd., which participates in the lithium-ion battery industry chain, which is beneficial to the company to become bigger and stronger, new energy and new materials. Industry, enhance core competitiveness and achieve transformational development.

At present, the project has completed the pilot production line of lithium-ion battery, completed the test of 3.3Ah energy type 18650 battery, the energy density reached 260Wh/kg, and completed part of the test certificate; completed the 1.3Ah high-power long-life graphene 18650 battery. Test and carry out pilot production to achieve 80% capacity in 6 minutes of charging, this kind of products can be applied to electric tools, drones, new energy vehicles and other fields.

It is worth noting that Fojing Plastics has returned to the power battery battlefield pressure is not small.

On the one hand, the current power battery market is highly concentrated, and the top 10 companies in terms of installed capacity account for more than 90% of the total installed capacity, while the former “two strong” accounts for nearly 80%, which means that the backward power battery companies will face a larger Competitive pressure.

On the other hand, the recent abolition of the “white list” of power batteries means that international power battery companies will have full competition opportunities in China, and the competition in the power battery market will further intensify. Technical strength, capacity scale, customer binding, capital strength, talent advantage, market strategy, etc. will all determine the survival and development of power battery companies.