Xinwangda has been designated by the supplier of powerful lithium battery to be developed to be developed

Xinwangda has been designated by the supplier of powerful lithium battery to be developed to be developed

On May 30, Xinhan (300207) announced that the company wholly-owned subsidiary Xinwangda Electric Automobile Battery Co., Ltd. (hereinafter referred to as “Xinwangda Electric Vehicle”) ginseng and Eastest New Energy Automobile Co.

, Ltd. (Hereinafter referred to as “Easte”) The electric vehicle battery procurement activities have recently received the fixed-point notice of suppliers issued by Extra, and Xinwangda electric cars have been designated as Yip Tete X projects to be developed. Power lithium battery supplier, undertakes its development work, and the need for related models in the next six years (2020-2025) is expected to reach 366,000 units, which uses the company’s self-developed power-core method and power lithium battery system solution.

. It is reported that Easte special is a joint venture company established by Renault, Nissan and Dongfeng. Xinwangda said that this company is selected as Yip Tegui suppliers, is an important progress in the company’s electric vehicle battery business, which is conducive to the integrated competitive strength of Xinwang’s electric vehicle battery.

. Xinwangda is an important part of the Lithium-ion battery module to develop manufacturing business, product, widely used in mobile phones, laptops, VR, wearable devices, electric vehicles, power tools, electric bicycles, energy Internet and energy storage..

Company products also cover multiple fields such as lithium-ion battery, power management system, precision structural parts, intelligent manufacturing class (including automation equipment). In 2018, the company achieved operating income of 203338 billion yuan, up 44.81% year-on-year; net profit attributable to shareholders of listed companies, 701 million yuan, up 28.

99% year-on-year. In the first quarter of 2019, the company achieved operating income of 4.683 billion yuan, up 32.

9% over the same period last year; the net profit attributable to the parent company is 134 million yuan, up 15.94% over the same period last year..

Recently, the people’s government of Nanjing City, the people’s government and Xinwangda, Huaxia Happiness signed a cooperation agreement in Nanjing, Jiangsu.. Xinwangda plans to invest 12 billion yuan in the new city of Nanjing Minzhui Industry and Pack Manufacturing R & D Design and Production Base.

It is worth mentioning that on April 2, Xinwangda announced that the company wholly-owned subsidiary Xinwangda Electric Vehicles and Renault-Nissan Union (“Renault Nissan”) Electric Vehicle Battery The procurement activities, and recently received the fixed-point notice of suppliers issued by Renault Nissan, and the demand for related models in the next seven-year (2020-2026) is expected to reach 11.57 million units. The product adopts the company’s self-developed power-core method and power lithium Battery system solution.

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