Ningde times plans to invest no more than 19 billion listed enterprises in the upstream and downstream of the industrial chain

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 Ningde times plans to invest no more than 19 billion listed enterprises in the upstream and downstream of the industrial chain


For the purpose of investment, Ningde Times said that the new energy vehicles and energy storage industry has developed rapidly in recent years, but there are still some shortcomings in the industrial chain, such as imperfect supporting facilities and insufficient supply of key resources, which may restrict the long-term development of the industry. Considering the long-term strategic development, the company plans to focus on the main business, invest in the high-quality listed companies in the upstream and downstream of the industrial chain, further strengthen the cooperation and coordination of the industrial chain, improve the efficiency of resource utilization, and enhance the market competitiveness of the company.

Previously, Ningde Times announced that it plans to raise no more than 20 billion yuan in non-public offering of shares. After deducting the issuance expenses, it plans to use all the funds for Ningde times Lake West lithium-ion battery expansion project, Jiangsu times power and energy storage lithium-ion battery R & D and production project (phase III), Sichuan era power battery project phase I, and electrochemical energy storage frontier technology reserve R & D project and supplement Replenish working capital.

Founded in 2011, Ningde times covers the R & D, production and sales of power battery system and energy storage system of new energy vehicles. It is a leading enterprise in the field of power battery in China. Last year, the company achieved 45.788 billion yuan of operating revenue, a year-on-year increase of 54.6%, and a net profit of 4.560 billion yuan, a year-on-year increase of 34.6%. According to the global lithium-ion power battery shipment data of SRE research company in 019, Ningde times ranked first in the world with 32.5gwh of shipment for three consecutive years, accounting for nearly 1 / 3 of the global market share. In addition to the investment plan, Ningde times also disclosed a production expansion announcement on the same day. The companys holding subsidiary, time Geely Power Battery Co., Ltd. (hereinafter referred to as time Geely) plans to invest in the construction of power battery project in Lingang Economic and Technological Development Zone, Yibin City, Sichuan Province, with a total investment of no more than 8 billion yuan. Time Geely was jointly established by Ningde times and Zhejiang Jirun Automobile Co., Ltd. in 2018, with shareholding ratios of 51% and 49% respectively. Its main business is power battery production and sales. On August 11, Ningde times closed at 198.42 yuan, down 1.13%. What does Lei Jun regret most? We havent made the best mobile phone Xiaomi 10 supreme commemorative edition experience: no snapdragon 865 + but to be sure, Tesla announced that it plans to split shares at a ratio of 1:5, and its share price rose by nearly 7%. Source: surging news editor: Wang Fengzhi_ NT2541

Founded in 2011, Ningde times covers the R & D, production and sales of power battery system and energy storage system of new energy vehicles. It is a leading enterprise in the field of power battery in China. Last year, the company achieved 45.788 billion yuan of operating revenue, a year-on-year increase of 54.6%, and a net profit of 4.560 billion yuan, a year-on-year increase of 34.6%. According to the global lithium-ion power battery shipment data of SRE research company in 019, Ningde times ranked first in the world with 32.5gwh of shipment for three consecutive years, accounting for nearly 1 / 3 of the global market share.

In addition to the investment plan, Ningde times also disclosed a production expansion announcement on the same day. The companys holding subsidiary, time Geely Power Battery Co., Ltd. (hereinafter referred to as time Geely) plans to invest in the construction of power battery project in Lingang Economic and Technological Development Zone, Yibin City, Sichuan Province, with a total investment of no more than 8 billion yuan. Time Geely was jointly established by Ningde times and Zhejiang Jirun Automobile Co., Ltd. in 2018, with shareholding ratios of 51% and 49% respectively. Its main business is power battery production and sales.

On August 11, Ningde times closed at 198.42 yuan, down 1.13%.