Xiaomi Yangtze River Industry Fund launched again to invest in power battery manufacturer AVIC Lithium

According to the Tianyan Check on December 18th, AVIC Lithium Battery Technology Co., Ltd. (“AVIC Lithium Battery”) changed its investors and added Hubei Xiaomi Yangtze River Industry Fund Partnership (Limited Partnership) and Xiamen Gold Lithium Equity Investment Partnership (Limited Partnership), Shenzhen Getian Star Management Partnership (Limited Partnership), etc.

In addition, the registered capital of AVIC Lithium Battery was changed from 6,986,552,365 million yuan to 1,276,873,09700 million yuan, an increase of 82.50%.

Sky Eye Check shows that AVIC Lithium Battery was established in December 2015. It is a high-tech enterprise specializing in R&D, production and sales of new energy batteries and power systems. It is committed to providing global customers with complete product solutions and complete life cycle services. . The company’s business scope includes the research, production, sales and market application development of lithium-ion power batteries, battery management systems (BMS), energy storage batteries and related integrated products, and lithium battery materials. At present, the planned annual production capacity of AVIC lithium battery exceeds 200GWh.

Public information shows that AVIC Lithium Battery has successively passed IATF16949 and other authoritative quality system certifications, and obtained CE, UL, TUV, RoHS and other international certifications. At present, the company has established three industrial bases in Changzhou, Luoyang and Xiamen. The company has a professional R&D organization dedicated to the R&D and application of key technologies for power batteries, and builds a lithium battery technology innovation platform with global influence. At present, the company’s planned production capacity exceeds 120 GWh, and it is making every effort to build the world’s leading power battery manufacturer and a strategic supplier to the world’s outstanding automotive companies.

Statistics show that AVIC Lithium Battery has become an important battery supplier for the main models of Dongfeng, Changan, GAC, Geely and other automakers, and replaced CATL as the largest supplier of power batteries for GAC passenger cars in 2019. To this end, in the context of a significant decline in the overall domestic power battery installed capacity, in addition to LG Chem and Panasonic, among my country’s top 10 power battery installed capacity companies in the first half of the year, AVIC Lithium also achieved bucking growth, with a year-on-year increase of 53.6%.

Looking at the whole year of 2020, AVIC Lithium has expanded the cooperation field to five models of Changan New Energy and four models of GAC New Energy. The orders for the whole year are stable. It is expected that the company’s annual performance will increase significantly year-on-year. In addition, AVIC Lithium has in-depth docking with outstanding domestic and foreign automakers such as FAW, BAIC, SAIC, Volkswagen, Daimler, etc., laying a solid foundation for further expansion of market share in the future.

In addition, in the field of commercial vehicles, AVIC lithium battery is also ready to go. In August, it was equipped with Dongfeng Motor’s special vehicle. In the recent new car announcement, it provided lithium iron phosphate batteries for new energy buses of Suzhou King Long, Xiamen King Long, and Xiamen King Travel. In the field of energy storage, the layout of AVIC’s lithium battery has also begun to show results. Following the 88 MWh energy storage power station project in Kunshan, Jiangsu and the 20 MWh energy storage power station in Zhenjiang Sanyue, Jiangsu Power Grid, AVIC Lithium has recently won the bid for Pinggao Group’s 2020 energy storage project.

From the perspective of production capacity, AVIC Lithium Battery has two production bases in Changzhou and Luoyang, and a production base in Xiamen is under construction, with a planned total production capacity of 20 GWh. The first phase of the project is expected to be completed and put into operation by the end of the year. After the completion of the construction of the three bases, the planned total production capacity will exceed 100 GWh.

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