In LG and Matsushita under the extrusion of the company to win in the field of power battery
Publish：Sino Energy Corporation Time：2016-12-27
[lithium engineering comprehensive report]
A city of three Southeast China on the outskirts of Ningde. It has a dusty village. In most people‘s view, it seems impossible here is the future of global automotive technology leader‘s headquarters.
However, China‘s industrialization policy encourages enterprises to advance to the value chain, reduce the degree of pollution to the electric vehicle industry. It is in this macro environment under the guidance of Ningde era of new energy Co., Ltd. hopes to develop from hometown hero to the national leader, and even out of China, to the world.
As Japan‘s Panasonic and South Korea LG chemical competitors, the Chinese companies in the past year has increased the production capacity of lithium battery car two times in order to meet the surge in sales of electric vehicles.
The company CEO Huang Shilin said last week, after second rounds of large-scale financing in October this year, its valuation increased by a factor of up to 80 billion yuan (about $11 billion 500 million).
In order to refinance at least 30 billion yuan before 2020, Ningde era hopes on the Beijing OTC exchange listing. The company may thus become the world‘s leading power lithium battery industry.
The car battery capacity of the company has more than LG chemical, catching up with Matsushita and Warren Buffett‘s investment in BYD.
Ningde plans to 2020 will increase the battery capacity to the current 6 times, reached 50000 trillion kwh, thus more than Tesla in Nevada building super factory.
"We will still follow the country." Huang Shilin said, I hope to 2020 to achieve the world‘s leading performance and price."
The 5 year old company has gone out of China, set up offices in Sweden, Germany and France, and plans to build a factory in Europe. The company‘s representative said that due to the signing of a confidentiality agreement, they can only disclose a BMW customer.
Although the expansion of great ambition, but because of this emerging areas highly dependent on government policy, and rapid technological progress, so also contains risks.
U.S. auto battery maker A123 in just three years from IPO to bankruptcy, mainly because the battery cost is still high, while the number of orders did not keep up.
"People think we are a very successful company, but every day we are very careful." Marketing Director Neil Jan (Neil Yang) said, the environment and technology changing rapidly, so if we keep up with trends, three months will die."
Leading the building
Informed sources said that in order to become China‘s lithium battery industry leader, must first get rid of all foreign capital to qualify for subsidies and other policy support.
In the era before the founding of Ningde, who Yuqun has also established Amperex Technology Limited (Amperex Technology), the largest shareholder has become Japan‘s TDK.
Neil Jan said that the new energy technology initially held 15% stake in Ningde times, but after the electric car sales began to force, this ratio was diluted. But he declined to disclose specific information.
A TDK spokesman said the company from the Ningde times to get out and focus on mobile consumer electronic products use batteries, but still in the Ningde times to receive intellectual property licensing fees.
Informed sources: This is done for strategic and confidential considerations. New energy technology is still closely related to the Ningde era."
Energy technology and Ningde era still shared Ningde Park, but the door and the main office only listed the name of new energy technology.
As a native of Ningde, has Yuqun with a PhD in chemistry, he now seems to be the only link between the two companies. But he refused to accept the interview.
Policy support
Government support for electric vehicles to promote the battery and other parts of the demand, in addition, Beijing has also introduced some other policies forced small enterprise integration or exit the industry, these policies will make the Ningde times and other industry leaders benefit.
Ministry of industry and information technology disclosed last month, is currently considering the development of new regulations, the minimum capacity requirements of battery companies to raise about 40 times, reaching 8000 trillion watts.
Only BYD and Ningde times can barely, but Chinese media said Hefei, China Xuan tech power energy Co. Ltd. and Tianjin Lishen Battery Co may be close to or exceed this standard next year.
Neil Jan said that the battery industry subsidies far lower than the electric vehicle industry, which reached $4 billion 500 million last year alone.
Neil Jan said that the Ningde times and Hefei GuoXuan and Tianjin power of God Chinese together included in the "13th Five-Year plan" incentive object, if can be achieved and can get about $15 million in government subsidies. But he pointed out that the cost of a production line up to 40 million yuan.
In addition, China has also developed a number of other industry goals: to reduce the cost per kilowatt hour, down to 1 yuan ($0.144), and the energy density increased by 2/3.
To achieve this goal, Ningde era is increasing R & D efforts, employing more than 1000 employees with cutting-edge science degree.
"They invest heavily in R & d." China Automobile Engineering Society chairman Fu Yuwu said. He also wants the company to become a global leader.
"They have a large scale and are supported by China‘s huge market. Thanks to a variety of advantages, they should get good performance in international expansion." He said.
