Hongxing Times 800 million yuan to invest in the construction of lithium-ion battery project

Recently, Hongxing Times Energy Technology (Shenzhen) Co., Ltd. (hereinafter referred to as 'Hongxing Times') signed a contract with Hunan Huaihua High-tech Zone to jointly build a lithium-ion battery processing project. It is understood that the total planned investment of the lithium-ion battery processing project is 800 million yuan and will be constructed in two phases. The first phase invests 500 million yuan to carry out the research and development, design and processing of lithium-ion power lithium batteries and lithium-ion polymer batteries; the second phase invests 300 million yuan to further expand the processing line and output. After the project is fully completed and put into production, it can achieve an annual output value of more than 600 million yuan. According to the data, Hongxing Times was established on March 18, 2016 with a registered capital of 20 million yuan. It is a company specializing in lithium-ion battery processing, Ru0026D and sales. Its existing products include mobile phones, wearable devices, and tablets. , Mobile power, on-board electronic equipment, electric bicycles, electric small cars and many other categories. At present, based on the Ru0026D, design, and manufacturing capabilities of lithium-ion battery modules, Hongxing Energy has gradually formed five major areas of 3C square aluminum-shell lithium-ion batteries, electric batteries, polymer lithium-ion batteries, smart device power supplies, and energy storage power supplies. Business landscape. It has three subsidiaries in Guizhou, Hubei and Hunan. As 3C electronic equipment, power tools, light electric vehicles, new energy vehicles and energy storage systems will increase in the future industrial scale, it will drive the increase in demand for lithium-ion batteries. 3C consumer electronics is still the most important part of lithium-ion batteries. Big demand terminal. However, due to the low entry barriers for the domestic wearable device market, companies engaged in the processing of wearable device lithium-ion batteries are also in a mixed state. In market segments such as smart watches, bracelets, and Bluetooth headsets, a situation dominated by giants will quickly take shape, and low-end and copycat companies will face the fate of shuffling.