Yiwei Lithium Energy Receives Designated Letter from Jaguar Land Rover's 48V Battery System Supplier

On the evening of February 25, Yiwei Lithium released an announcement stating that Yiwei Lithium participated in the JaguarLandRoverLimited (Jaguar Land Rover, 'JLR') 48V battery system project, and recently received a supplier letter from JLR with the name of the designated project. It is '20AhMHEVBattery'. After being awarded the 48V battery system designation by BMW in Germany, Yiwei Lithium Energy was awarded the 48V designation of Jaguar Land Rover. International high-end customers expanded to another city and successfully entered the overseas high-end supply chain, which proved the product quality and technical strength of Yiwei Lithium. Recognized internationally. According to incomplete statistics, Yiwei's lithium power battery customers include Daimler, Hyundai-Kia, Xiaopeng, BMW, and Jaguar Land Rover, and the customer quality is in the first echelon in China. With the completion of the production capacity of Yiwei lithium energy power battery, it is expected to realize large-scale overseas supply in 2022. Most of the income of Yiwei lithium energy will be contributed by power batteries, realizing the leap in quality and quantity from consumer batteries to power batteries. The valuation level is expected to rise. From the perspective of the current industry development, 48V micro-hybrid is a technology trend for fuel vehicles to save energy and reduce emissions, optimize start and stop, and adapt to electrification. It has functions such as start and stop, energy recovery, acceleration assistance, and electric crawling; battery costs account for about 48V systems. 35%-40%, the power is about 0.5~1kWh. Car companies led by European BBA vigorously promote 48V technology, followed by China. According to McKinsey and IHS forecasts, by 2025, the penetration rate of 48V micro-mixing in Europe and China is expected to reach 46% and 39% under neutral conditions. According to estimates of 12 million cars sold in Europe and 25 million in China, the combined annual sales of 48V micro-hybrid vehicles in China and Europe will reach 15 million in 2025. Calculated on the basis of each car equipped with 1 kilowatt-hour of electricity, China and Europe 48V system lithium The market demand for batteries will reach 15GWh.