B) at the same time of expanding production, Guoxuan increased R&D investment, which increased from 45 million yuan in 2014 to 135 million yuan, and increased production investment in anode materials and diaphragm to ensure high profits. At present, the company has more than 1300 employees and more than 300 R&D personnel, with a daily output of 220,000 32650 type 5Ah cells. 2018 Dongguan Large Electronics Co., Ltd. | No. Different from ATL's low profile, CATL also spares no effort in enterprise promotion and publicity, and its upcoming series of capital operation will be a major event in China's lithium electric industry in the future. Date of establishment: 2002 headquarters: Shenzhen, Guangdong. The electric vehicle power battery expansion project under construction will add an annual output value of more than 4 billion yuan after it goes into operation in 2017, driving the development of the city's new energy automobile industry chain. This may also have something to do with Ningde's eagerness to get a good price on the market. In 2015, the company's operating income was about 4.2 billion yuan and its net profit exceeded 200 million yuan. This requires strong research and development capabilities, such as the latest graphene cathode. In terms of ternary battery, although it claims to have technology accumulation, it has not seen the actual capacity of related ternary battery. 1.1.3 why is Guoxuan the most worthy lithium battery investment. In the case of other power battery enterprises are small profit, Guoxuan high-tech can maintain high gross margin, is also a lithium power battery industry "strange flower". Since it is not a listed company, it feels like running a train with your mouth full. Forster in jiangxi, customers are mainly concentrated in Jiangxi, the national radiation is small. If new energy vehicles are still developed in accordance with the scale of national planning, the growth rate of power battery demand almost doubles every year. SMM Review of Global Lithium Industry and Price Forecast in Q4, China Lithium Battery Scrap Recycling Volume Soared to Over 29,000 mt in June, SMM: Techniques of Lithium Battery Recycling Improves the Recycling of Nickel, Cobalt, and Lithium Metal. In December 2015, smart energy completed the wholly-owned acquisition of Jiangxi Forster at the price of 1.2 billion yuan, and successfully entered the field of ternary power battery. Wanxiang A123 adopts the technical route of flexible packaging lithium iron phosphate and ternary materials, and its current effective production capacity is about 1Gwh. Ningde times spends 5% of its revenue on R&D every year. In fact, the production capacity and sales volume of power batteries in 2015 were only slightly larger than Guoxuan's. The number of PHDS in the company reaches more than 120 (including more than 20 overseas returnees), and the number of talents with master's degree exceeds 900. 3. In 2015, Watma achieved operating income of 2.173 billion yuan and net profit of 276 million yuan, with a net profit margin of 12.7%. From the perspective of customers, Guoxuan high-tech mainly focuses on commercial vehicles, and mainly focuses on Ankai and Jianghuai. And these five will grow, which is also a national strategy. 5. No.3 Guoxuan -- listed companies and key state support, Founded in 2005, headquarter: Hefei, Anhui province. Currently, the production capacity is about 0.5gwh. The industrial chain covers lithium iron phosphate anode material, cell production, BMS, PACK and other links. After the change of ownership, Lishen battery still hasn't got rid of the mechanism of the central enterprise. Far east foster downstream supporting customers for Zotye, Shaanxi Tongjia and other well-known passenger vehicles and logistics vehicles, explosive. In December of the same year, Weihong Power system (Huzhou) Co., Ltd. was registered in China as its production base. The contribution of far east foster accounts for 33.3%. The company is committed to improving according to the special environment, special properties and special requirements of users in-depth special customized research and development ability, the existing lithium electricity customized solutions and products are widely used inspecial,special carrier equipment,special,special, high-energy physics, railway infrastructure, public security, electricity, communication, medical electronics, commercial finance, security, communications, transportation, logistics, exploration and surveying and mapping, photovoltaic energy storage and 3 c consumer electronics and other fields, Andspecial science and industry,special science and technology, Chinaspecial industry corporation, China heavy industry,specials factories in China, China's electricity, China electronics, ZhongWuYuan, Chinese academy of sciences, JunKeYuan, MOTOROLA, Toshiba, Fujitsu, Varta, Foxconn, Lenovo, Changhong, Jiuzhou, Hikvision, Mindray medical, and many other respected users to achieve a comprehensive long-term strategic cooperative relations. Watma is a typical pursuit of scale, the pursuit of the market, in the technical advantages of insufficient investment. Jiangxi Forster, founded in 2009, mainly produces 18650 ternary lithium batteries, and the sales scale of this product ranks first in China. According to the final equity incentive plan, the company grants more than 14 million restricted stock shares to more than 160 incentive objects, who are all directors, senior managers, middle managers and core technology (business) personnel of the company who served in the implementation of the plan. On the other hand, avic lithium power needs a lot of capital for large-scale investment in Jiangsu and Luoyang, etc., which may not be satisfied by additional issuance by the parent company alone. It has cooperated with local governments to build industrial parks everywhere, which has produced a huge effect. Forster expects to ship 1.2GWh, 2.1GWh and 3.3GWh of ternary power battery in 2016-2018. Jiangxi Forster has promised to make net profits of 75 million yuan, 95 million yuan and 130 million yuan respectively from 2015 to 2017. The net profit margin of Guoxuan far exceeds its competitors, mainly due to the corporate governance structure of Guoxuan, do not put the pursuit of scale in the first place, long-term technical accumulation, Guoxuan is the only one from the beginning of positioning in the automotive power battery, rather than from 3C battery with power battery. Will the expansion of production capacity be too fast to keep up with all aspects, especially the market and technical verification? It is believed that with the gradual profit of Wanxiang electric vehicle and power battery business, it will be sooner or later that Wanxiang money will be loaded into the listed company. From 2012 to 2013, Guoxuan was the leader of lithium battery. Personnel integration and enterprise culture integration are all problems that need to be solved by the new Wanxiang A123. Lithium electricity revenue, 2.1 billion in the first half of 2016. Shandong Huaneng environmental protection power supply co., ltd. was founded in 2006, is a subsidiary of Shandong Huaneng environmental protection power supply (group) co., LTD. Shandong Weineng environmental protection group has five branches: Shandong Weineng environmental protection power supply co., LTD., Qingdao Weineng electric vehicle electronic control co., LTD., Qingdao diaphragm new material co., LTD., Beijing Wuhe power technology co., LTD., and Kunshan Weineng environmental protection power supply co., LTD. Huaneng has power battery production bases in Shouguang and Qingdao, Shandong province. Why it makes the list: 2015 was an extremely important year in the development history of Lishen. But as leading enterprises of lithium ion battery, Lishen on technologies and products still have quite competitive, and 2015 through large-scale supply Jianghuai cylindrical woti-meeting momentum three yuan 18650 batteries, and recent rumours Lishen in a series of capital operation, only from the mechanism reform, god can further improve its competitiveness. Yiwei lithium energy has transferred from consumption lithium battery to power lithium battery, and the current production capacity is low, only 0.5gwh of lithium iron phosphate is available. C) Watmar was acquired by Jianrui fire protection co., ltd. in 2016. The plant's targeted production capacity is 11 GWh in Phase III and the total production capacity will reach 15 GWh, and will be in operation by 2019. Currently, it is the new platform of Wanxiang group in power battery business. Wanxiang A123 system co., ltd. was founded after Wanxiang acquired A123 and re-integrated A123 and Wanxiang electric vehicle power battery business. Among them, the operating income of power battery is about 2 billion yuan; Operating income of 3C lithium battery is about 2.2 billion yuan, with a loss of about 50 million yuan. What can I use instead of an 18650 battery-performance and replacement? Guoxuan has expanded from 750 million an hour to 1.85 billion an hour, Ningde era has expanded from 3GWh to 7.5Gwh, and Tianjin Lishen actually cannot put into production in 2016. Reason: in 2015, Guoxuan high-tech became the purest power battery standard of a-share listed companies after backdoor Dongyuan electric appliance was listed. BYD's power batteries are for its own use only. Founded after only 4 years, that is, into the first echelon, rapid development, outstanding achievements, can be called a miracle, reflects the barbaric growth of Fujian people. The net profit margin is 18%. There is a large space for future growth. In 2015, the net profit margin of Guoxuan's power battery was as high as 21% and 25% in the first quarter, while the net profit margin of Watma in 2015 was 12.7% and foster's in 2015 was 10.6%. Can Guoxuan maintain such a good net profit margin? Dongguan major big electronics co., LTD., founded in 2002, is a collection of lithium ion battery module, independent research and development, production and sales as one of national high-tech enterprises and military industry qualification, the company since its inception, has always been to serve the global special power supply, power energy storage power, industrial power supply and consumption power users as own duty, after fifteen years of development, has now become the leading global lithium electricity customized solutions and products provider. LFP battery demand to rise as China's new NEV subsidies disqualify expensive models. The SPAC raised a total of $276 million when it went public in March 2019. MPS is a vertically integrated developer and manufacturer of advanced Electric Vehicle Power System solutions, based on the company's innovative fast charging, long-life, and non-flammable Li-ion battery systems. The company initiated and established the innovation alliance of new energy vehicles, whose members include core materials and components enterprises of the industrial chain. There will be no more than 10 power battery enterprises that can enter the supply chain of mainstream automobile enterprises, and three echelon companies will be formed. If it tries to grab the market at a low price like Ningde times and Watma, the profit will immediately plummet and be reflected in the stock price. In addition, a 3C lithium battery production line is upgraded with a capacity of 600 million Wh. This year, 7.5GWh production capacity has been achieved, with lithium iron phosphate and ternary each accounting for half and balanced development. Forster power battery products have been highly recognized by downstream customers. After visiting a number of first-tier lithium companies, SMM found that compared with the third quarter of last year, the current lithium prices almost doubled. The closed-loop development model of the industrial chain can only be played by a company of BYD's size. Micro - macro power to fast charge lithium titanate power battery. Driven by the group's new energy automobile business, its power battery business is far ahead of its competitors in terms of scale. Ningde has not yet gone public, and there are always plans to do so. Why it makes the list: BYD is absolutely the leader of domestic power batteries. Will power cells repeat the vicious competition of 3C batteries? In the first half of 2015, the operating income of Guoxuan high-tech power battery was about 750 million yuan. The main cooperative customers of power battery are Wuzhou dragon, Jinlong, Yangzhou Yaxing, Zhengzhou Haima, Zoomlion and so on. Force god due to mechanical problems, is likely to fall into the second echelon. How long can a super-capacitor charge fully? More information is available atwww.microvast.com. NO.1 BYD -- complete vehicle + lithium battery. The combined company is valued at about $3 billion, according to people familiar with the matter. If the company misses out on the three-way battery's first-mover advantage, future growth could be limited.