Changying Precision's 2 billion'targeting' battery structural parts

On the evening of January 4th, Everwin Precision (300115.SZ) announced three announcements, planning to build three new energy vehicle power lithium battery structural parts automated production line projects in Yibin, Sichuan, Changzhou, Jiangsu, and Ningde, Fujian, each with an investment of 1.2 billion yuan , 500 million yuan, 300 million yuan. The announcement did not disclose the supporting customers, but it is not difficult to see that Changying Precision has precisely targeted the Ningde era. On the evening of December 29, CATL announced that it would expand the production of power lithium batteries in Yibin, Sichuan, Changzhou, Jiangsu, and Ningde, Fujian. The total investment of the three major projects was 10 billion yuan, 12 billion yuan, and 17 billion yuan. At present, Changying Precision has invested and established a subsidiary in Ningde, Fujian. In order to promote the construction of the project, Changying Precision intends to use its own funds to establish Changzhou Changying and Yibin Changying. Among them, Yibin Changying was invested and constructed through Shanghai Lingang Changying, a wholly-owned subsidiary. Shanghai Lingang Changying mainly focuses on new energy electric vehicle high and low voltage electrical connectors, power lithium battery structural parts and hydrogen fuel vehicle battery bipolar plate projects, serving nearby new energy such as Tesla, Mercedes-Benz, BMW, SAIC, Geely, etc. Automobile brand company. According to industry sources, a Tesla requires about 4,000 yuan for structural parts of lithium-ion batteries. In 2020, Tesla's sales reached 499,550. According to calculations, Tesla's annual lithium-ion battery structural parts cost nearly 2 billion yuan. In the first half of 2020, Changying Precision's revenue from Tesla increased by 31.42% year-on-year. In addition, in the new business segment, its notebook computer product revenue has more than doubled year-on-year, and its product line covers notebook exterior components, built-in battery structural parts, and touch panel structural parts. In September 2020, Changying Precision stated on the interactive platform that in order to support the development of new ATL products, Changying Precision has successfully developed the button battery housing components required by customers and achieved mass delivery; in October, Changying Precision Said that its daily shipments of button battery precision structural components exceeded 100,000 sets. Under the huge market demand, Ningde Times and other head battery companies have started large-scale production expansion, bringing about the aggregation effect of the entire industry chain of lithium battery materials, equipment, and structural parts. For example, Putailai recently established a subsidiary in the field of anode materials and separators in Sichuan. The company's total investment has exceeded 1 billion yuan.