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EVE LITHIUM ENERGY INCREASES INVESTMENT IN ENERGY STORAGE AND POWER BATTERIES

On the evening of September 27, EVE Lithium Energy (300014.SZ) issued an announcement that the company intends to work with the Shenyang Municipal Government and the Shenyang Economic Development Zone Management Committee on the company's investment in the construction of the "EVE Lithium" within the scope of the Shenyang Economic Development Zone Management Committee. Energy Storage and Power Battery Project” signed the “Ever Lithium Energy Storage and Power Battery Project Investment Agreement".

The announcement shows that the registered capital of the company's project company is 100 million yuan, the planned production capacity of the project is 40GWh, and the total investment is expected to be 10 billion yuan, which will be constructed in two phases. Among them, the first phase of the project will invest 5 billion yuan (4 billion yuan in fixed assets) to build a 20GWh energy storage and power battery intelligent manufacturing plant and supporting facilities.

EVE Lithium Energy said that this cooperation will help all parties give full play to their respective resources and advantages, better seize the market opportunities of power energy storage batteries, further expand the scale of production capacity, optimize the company's industrial structure, and promote the company's development in lithium-ion power batteries. The development of the market will enhance the company's influence and comprehensive competitiveness in the new energy industry.

From the financial report for the first half of 2022, it can be seen that in the first half of the year, EVE Lithium Energy achieved operating income of 14.926 billion yuan, a year-on-year increase of 127.54%; net profit attributable to the parent was 920 million yuan, a year-on-year increase of 60.21%. Among them, the revenue of energy storage and power battery business reached 10.26 billion yuan, a year-on-year increase of 73.08%.

On the same day, EVE Lithium Energy also announced the company's layout in upstream materials. EVE Lithium Energy announced that the company intends to sign the "Shandong Ruifu Lithium Industry Co., Ltd. Equity Transfer Agreement" and "Shandong Ruifu Lithium Industry Co., Ltd. Equity Transfer Agreement" with Junhua New Energy. Let Junhua New Energy hold a 20% stake in Shandong Ruifu Lithium Industry Co., Ltd., and the transfer price of the underlying equity is 800 million yuan.

The announcement shows that Ruifu Lithium and its holding subsidiaries have an annual production capacity of 25,000 tons of lithium carbonate and 10,000 tons of lithium hydroxide, and a project with an annual output of 30,000 tons of lithium carbonate is under construction.

EVE Lithium Energy also announced that it intends to sign the "Contract on Capital Increase of Betri (Sichuan) New Material Technology Co., Ltd." with Betri and its subsidiary Betri (Sichuan) New Material Technology Co., Ltd. Betterray (Sichuan) increased its capital by 884 million yuan and held a 40% stake in the company.

The company and Betterray plan to jointly build a lithium battery anode material integration base in Songjiaba Industrial Park, Pingshan Town, Pingshan County, Yibin City, Sichuan Province. The construction goal is to form an integrated production capacity of 100,000 tons of lithium battery anode materials per year before June 30, 2024, and the production capacity will be given priority to the company, and then it will be determined whether to continue to increase production capacity according to market conditions.

It can be seen from the above that the expansion model of EVE Lithium Energy basically revolves around the two lines of supply chain + industrial chain, in which the industry has gradually transformed into the dual-line development of energy storage and power. This transformation actually started last year. .

In November last year, EVE Lithium Energy issued an announcement that the company signed a "Strategic Investment Agreement" with the People's Government of Jingmen City. The company and its subsidiaries plan to complete a fixed asset investment of 30.521 billion yuan in Diaodao District, Jingmen City, and land acquisition of about 3,000 acres. The Jingmen Power Storage Battery Industrial Park project with an annual output of 152.61GWh.

On June 7 this year, the General Office of the National Development and Reform Commission and the General Department of the National Energy Administration issued the "Notice on Further Promoting the Participation of New Energy Storage in the Electricity Market and Dispatching Application", further clarifying the positioning of the new energy storage market, establishing and improving relevant market mechanisms and price mechanisms and operating mechanism.

On June 7, EVE Lithium Energy announced two projects related to investment and construction of energy storage and power battery construction.

Among them, the company intends to sign an investment agreement with the Qujing Municipal Government and the Qujing Economic and Technological Development Zone Management Committee on the company's investment in the construction of an "annual output of 10GWh power storage battery project" within the Qujing Economic and Technological Development Zone Management Committee. The total investment of the project is about 3 billion yuan, and the investment in fixed assets is about 2.3 billion yuan.

The company also plans to sign a cooperation agreement with the Wuhan East Lake New Technology Development Zone Management Committee on the construction of the EVE Lithium Energy Storage Headquarters and the Energy Storage Technology Research Institute project in the East Lake High-tech Zone. The total investment of the project is about 3 billion yuan.

In July this year, EVE Lithium Energy and Wuhan East Lake High-tech Zone signed an agreement on the project of EVE Lithium Energy Energy Storage Headquarters and Energy Storage Technology Research Institute at the Wuhan Conference Center.

According to the agreement, EVE Lithium Energy will set up an energy storage headquarters and an energy storage technology research institute in Optics Valley, with a total investment of about 3 billion yuan.

Among them, the energy storage headquarters will manage the energy storage business of EVE Lithium Energy as a whole, and has jurisdiction over various regional business companies to hold and manage relevant intellectual property rights. The Energy Storage Technology Research Institute mainly carries out the research and development of the core technology of energy storage lithium-ion batteries and energy storage solutions, and will set up institutions such as the Energy Storage Battery Research Institute and the Power System Design Institute.

In the past two years, my country has introduced a number of policies to stimulate the development of energy storage. Coupled with the continuous heating of new energy vehicles and renewable energy by capital, my country's energy storage industry has ushered in a leap-forward development.

According to the forecast of Everbright Securities, by 2025, the scale of China's energy storage market will reach 0.45 trillion yuan, and will grow to about 1.3 trillion yuan in 2030.


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