German Pack company BMZ purchases in China and signs 164 million lithium battery orders

by:CTECHi     2021-08-08

The German-based BMZ Group signed a five-year lithium battery purchase order with Liaoning Jiuyi Lithium Energy Co., Ltd., a subsidiary of a domestic listed company, Times Wanheng.

The BMZ Group, located in Germany, is a supplier of global lithium battery solutions (Pack system). Recently, the company and a domestic listed company Time Wanheng (600241) Its holding subsidiary Liaoning Jiuyi Lithium Energy Co., Ltd. (hereinafter referred to as 'Jiuyi Lithium Energy') signed a five-year purchase order for lithium batteries.

As a first-tier supplier in the field of lithium battery applications, BMZ Group's product areas include automobiles, forklifts, cranes, vacuum cleaners, cargo vehicles in seaports and airports, and electric rentals Vehicles, land transport vehicles and electric boats. In addition, there are business scopes such as energy storage and chargers.

According to the signed agreement, BMZ will purchase a total of 164 million lithium batteries from Jiuyi Lithium Energy from January 1, 2019 to December 31, 2023, of which: From 2019 to 2023, the annual purchase quantity will be 5 million, 28 million, 35.75 million, 42.5 million, and 52.8 million.

According to forecasts, the purchase amount of 164 million batteries can reach 215 million U.S. dollars, equivalent to 1.445 billion yuan, and the average annual purchase amount is 289 million yuan.

It is reported that the lithium battery purchased this time will be used by the BMZ Group in the field of power tools, and its power tool battery business occupies 60% of the European market share.

The domestic battery company purchased this time is Liaoning Jiuyi Lithium Energy Co., Ltd. After the company was acquired by Times Wanheng, it strengthened its lithium battery business capabilities. Mainly foreign trade. In October 2018, the two high-energy lithium-ion power battery production lines raised by Jiuyi Energy have been put into trial production, with a total designed production capacity of 144 million cylindrical lithium-ion power batteries.

Industry analysis pointed out that there is a huge market opportunity for lithium batteries in the field of power tools, and China’s lithium batteries’ Companies that reserve in advance will benefit.

It is worth noting that BMZ Group’s battery purchases are not only focused on power tools. At the end of last year, it also signed a contract worth about 1 billion to Samsung SDI. Lithium battery orders in US dollars.

BMZ Group plans to double the production of electric vehicle battery systems in 2019 to supply major European car manufacturers. The company is investing 130 million euros in a 4GWh battery production line, which is expected to be completed in 2020.

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